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India: Treatment of payments for training services, reservation system access

India: Treatment of payments for training services

The KPMG member firm in India has prepared reports about the following tax developments (read more at the hyperlinks provided below).

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  • Amount received for providing training services not “fees for technical services” under treaty with the Netherlands: The Mumbai Bench of the Income-tax Appellate Tribunal held that consideration received by the taxpayer for providing training services and for access to a centralised reservation system (that is, common facilities provided to members of the taxpayer group) were not chargeable as fees for technical services under the India-Netherlands income tax treaty. The case is: Renaissance Services BV. Read a June 2018 report [PDF 661 KB]

  • Foreign investment reporting, single master form: The Reserve Bank of India introduced a single master form for reporting total foreign investment in an Indian entity. Read a June 2018 report [PDF 477 KB]

  • Share premium received from foreign holding companies not income chargeable to tax: The Mumbai Bench of the Income-tax Appellate Tribunal held that a share premium received by the taxpayer from its non-resident holding company was a capital transaction and, thus, not income chargeable to tax in India. The case is: Finproject India (P.) Ltd. Read a June 2018 report [PDF 688 KB]

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