construction co

Advance ruling on tax rate applicable to royalty income derived by a Japanese company in India

The income by way of royalty accruing to the Japanese company is liable to be taxed in terms of Article 12 of the DTAA between India and Japan at a rate not exceeding 10 per cent from the assessment year 2008-09 onwards.
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Non confirmation of minutes does not have any effect on the decision taken at the earlier meeting: SC

Supreme Court of India has decide in the Matter Kerala State Electricity Board V/s Hindustan Construction Co. Limited [2009] 91 SCL 183 (SC) inter aliea decide that ” Confirmation of minutes of Board meeting or any committee meeting does not require confirmation in subsequent meeting. Non confirmation of minutes does not have any effect on [...]
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