https://www.taxtmi.com/notifications?id=141780 The Central Government, exercising powers under section 90 of the Income-tax Act, substituted paragraph 2 of Article 13 of the India-Spain convention so that royalties and fees for technical services may be taxed in the source State but, where the recipient is the beneficial owner, the tax charged shall not exceed ten per cent of the gross amount; the amendment implements the Protocol's paragraph providing for application of a lower source-tax rate and is applicable from assessment year 2024-25. en-us Tue, 19 Mar 2024 00:00:00 +0530 Wed, 20 Mar 2024 12:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=141780 The Central Government, exercising powers under section 90 of the Income-tax Act, substituted paragraph 2 of Article 13 of the India-Spain convention so that royalties and fees for technical services may be taxed in the source State but, where the recipient is the beneficial owner, the tax charged shall not exceed ten per cent of the gross amount; the amendment implements the Protocol's paragraph providing for application of a lower source-tax rate and is applicable from assessment year 2024-25. Notifications Income Tax Tue, 19 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/notifications?id=141780