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Tax on Interest Income & commitment fees earned by DZ Bank from its Indian clients
Case Law Details
- Case Name
- DZ Bank AG – India Representative Office Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Mumbai
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DZ Bank AG – India Representative Office Vs DCIT (ITAT Mumbai)
Interest Income & commitment fees earned by DZ Bank from its Indian clients could be taxed under article 11 instead of article 7 of Indian Branch under Tax Treaty:
Conclusion: Interest income and commitment fees earned by DZ Bank from its Indian clients could be taxed at the hands of Indian Branch under India Germany Tax Treaty under article 11 , and not additionally under article 7 also, but the income was taxable nevertheless, subject to the exemptions set out in and under the scheme of article 11, on gro...
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