I-T Dept urges SC to revisit BPO tax ruling ::

Last updated: 28 October 2007

The outcome of the review plea will have a bearing on the more than 100 back offices of multinationalsSanjiv Shankaran Of foreign companies with India’s income tax (I-T) department filing a review petition earlier in the week in the Supreme Court urging it to revisit its own decision in July.In that decision, the court had said US investment bank Morgan Stanley would not have to pay tax in India on global income earned by it on account of the firm’s captive back-office here.The review petition s
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CA.Saibaburao Nanduri

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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