If a foreign company is earning royalty from India and taking the benefit of DTAA and TDS is deducted @ 10% not 10.4%
Is the company liable to file the Income tax return?
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Quick Summary
This discussion explores whether a foreign company receiving royalty income from India, even with Double Taxation Avoidance Agreement (DTAA) benefits and reduced TDS, is legally obligated to file an Income Tax Return (ITR). The consensus is that filing an ITR is mandatory for all companies and firms under Section 139 of the Income Tax Act.