Wednesday, 4 September 2013

Safe Harbour Rule - Few Points.


ØIt is optional for tax payer

ØApplicable only for 5 kinds of transactions which includes ITES with insignificant  risk.

ØNot Applicable when transaction with country with tax rate less than 15%.

ØDefinition of operating expenses and income which excludes forex loss and gain.

ØProvide operating  margin and for ITES it is 20%.

ØAdditional requirement for filing of Form 3CEG.

No comments:

India-Mauritius DTAA Protocol Notified: Key Tax Implications

  The Government of India has notified the amendment to the Protocol of the India-Mauritius Double Tax Avoidance Agreement (DTAA) on 13 Oct...