DTAA with Italy

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Accounts Officer

94 Points Posted on 21 June 2010

rate of tax between india and italy is the 20% which is given in DTAA for fees for technincal services.

but i am getting some clues form newspapers cuttings and discussions , that the above rate reduced to 10%.

but rate on website of income tax is 10% and alos rate in ready recknower is also 10%.

please can somebody give light on this issue.

thanks in advance.

Replies (1)

Learner

4898 Points Posted on 21 June 2010

HI Sir,

Article 13 of DTAA says that rate of tax shall not exceed 20% {It never says that rate shall be 20%}

Now, Sec 115A(1)(BB) says that if ContRact is entered on or after 1st June 2005 then Rate of tax shall be 10%.

Hence DTAA has to be read with Sec 115A

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