https://www.taxtmi.com/highlights?id=57190 TDS u/s 195 - Scope of the term 'Interest' - Monitoring fees paid by the assssee to DEG Bank, Germany qualified as ‘interest’ both under Income-tax Act, 1961 as well as the Double Taxation Avoidance Agreement between India & Germany and the payment made in question was not liable to Income tax under the Act in terms of the specific exemption granted under Article 11(3)(b) of the indo-German DTAA. - AT en-us Tue, 16 Mar 2021 12:26:00 +0530 Tue, 16 Mar 2021 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57190 TDS u/s 195 - Scope of the term 'Interest' - Monitoring fees paid by the assssee to DEG Bank, Germany qualified as ‘interest’ both under Income-tax Act, 1961 as well as the Double Taxation Avoidance Agreement between India & Germany and the payment made in question was not liable to Income tax under the Act in terms of the specific exemption granted under Article 11(3)(b) of the indo-German DTAA. - AT Highlights Income Tax Tue, 16 Mar 2021 12:26:00 +0530 https://www.taxtmi.com/highlights?id=57190