TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Income Tax Bill 2025: Clause 59 Targets Non-Resident Royalties with New Compliance Rules Aligning with Global Standards.</h1> Clause 59 of the Income Tax Bill, 2025, addresses the taxation of royalties and fees for technical services received by non-residents from Indian sources, categorizing it under 'Profits and gains of business or profession.' It mandates that such income be connected with a permanent establishment in India to prevent tax avoidance. The clause closely aligns with Section 44DA of the Income Tax Act, 1961, but introduces updated compliance requirements reflecting international tax practices. Non-residents must maintain proper documentation and undergo audits, and the provision may impact tax planning and dispute resolution regarding income characterization and permanent establishment existence.
TaxTMI 
TaxTMI 