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Mar 27, 2015
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Retro tax law not applicable on dividends by foreign firms
Dividends declared by a foreign company, having assets in India, to another overseas arm will not be taxable in India. The Central Board of Direct Taxes (CBDT) has issued a direction to income-tax officials to clear the air on threeyear-old controversial retrospective amendment to tax indirect transfers. This will also provide tax certainty to foreign investors.
Source -
http://economictimes.indiatimes.com
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