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	<title>TaxGuru &#187; indian importer</title>
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		<title>Analysis of Circular no. 7/2009 issued to withdraw earlier circular pertaining to non-resident taxation</title>
		<link>http://taxguru.in/income-tax/analysis-of-circular-no-72009-issued-to-withdraw-earlier-circular-pertaining-to-non-resident-taxation.html</link>
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		<pubDate>Thu, 10 Dec 2009 02:48:11 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[business connection]]></category>
		<category><![CDATA[CBDT]]></category>
		<category><![CDATA[direct taxes]]></category>
		<category><![CDATA[income tax act]]></category>
		<category><![CDATA[income tax act 1961]]></category>
		<category><![CDATA[india tax]]></category>
		<category><![CDATA[indian importer]]></category>
		<category><![CDATA[indian importers]]></category>
		<category><![CDATA[non residents]]></category>
		<category><![CDATA[principal basis]]></category>
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		<category><![CDATA[tax liability]]></category>
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		<description><![CDATA[The Central Board of Direct Taxes (CBDT) had earlier issued a circular (Circular No. 23 dated July 23, 1969) clarifying the India tax liability of non-residents in respect of income accruing or arising through or from, a business connection in India. As per the aforesaid Circular 23, even if a business connection existed under section 9 of the Income-tax Act, 1961 (“the Act”), only so much of the profit which can be reasonably attributed to the operations of the business carried out in India could be subject to tax in India. Circular 23 also provided clarifications on the taxability of non-residents in specific situations.]]></description>
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		<title>CBDT withdrawn circulars related to taxability of foreign companies and non-residents, engaged in specified business activities</title>
		<link>http://taxguru.in/income-tax/cbdt-withdrawn-circulars-related-to-taxability-of-foreign-companies-and-non-residents-engaged-in-specified-business-activities.html</link>
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		<pubDate>Mon, 16 Nov 2009 16:58:03 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax]]></category>
		<category><![CDATA[CBDT]]></category>
		<category><![CDATA[Circular No. 163]]></category>
		<category><![CDATA[Circular No. 23]]></category>
		<category><![CDATA[Circular No. 786]]></category>
		<category><![CDATA[circulars]]></category>
		<category><![CDATA[direct taxes]]></category>
		<category><![CDATA[income tax act]]></category>
		<category><![CDATA[indian exporters]]></category>
		<category><![CDATA[indian importer]]></category>
		<category><![CDATA[indian importers]]></category>
		<category><![CDATA[indian income tax act]]></category>
		<category><![CDATA[indian subsidiary]]></category>
		<category><![CDATA[installment basis]]></category>
		<category><![CDATA[plant and machinery]]></category>
		<category><![CDATA[power projects]]></category>
		<category><![CDATA[procurement office]]></category>
		<category><![CDATA[turnkey power]]></category>

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		<description><![CDATA[The CBDT has cited that such withdrawal is on account of their interpretation by some taxpayers, seeking to claim relief, which was not in accordance with the provisions of the Indian Income Tax Act (Act) or the intention behind these circulars. Circular No. 23 was issued by the CBDT to provide clarifications regarding taxability of foreign companies and non-residents, engaged in specified business activities.]]></description>
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