14 December 2011
Tax on royalties and fees for technical services will be levied in the country of source as follows A. 10% in case of rental of equipments and services provided alongwith know-how and technical services B. In any other cases - During first 5 years of agreement - 15% if payer is Govt/ Specified Organisation - 20% in other cases - Subsequent Years - 15% in all cases Income of Govt/ certain institutions exempt from taxation in the country of source
CAclubindia
