Royalty - Taxability of receipts on hire of vessel on time ...

Income Tax

November 12, 2020

Royalty - Taxability of receipts on hire of vessel on time charter basis - as the assessee had received charges on account of time charter services rendered by its vessel ‘Smit Borneo’ along with the crew to Leighton India Contractor Pvt. Ltd., and not for allowing the latter the ‘use’ or ‘right to use’ of industrial, commercial, or scientific equipment, the same therein cannot be treated as ‘royalty’ within the meaning of Article 12(3)(b) of the India-Singapore tax treaty. - AT

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Royalty - Taxability of receipts on hire of vessel on time ...

Income Tax

November 12, 2020

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