31 January 2023
As per income tax rules, ‘fees for technical services’ means managerial, technical, and consultancy services by the recipient of such income. One can define technical services as providing services that involve technical expertise or expertise in technology. The scope of managerial services can be defined as running and management of the business of the client. Consultancy services can be understood as advisory services wherein necessary advice and consultation are given to the clients for their business.
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