16 May 2022
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28 April 2022
IBFD & Industry News
Indian ITAT holds subcontracting charges paid by Infosys to Chinese subsidiary taxable as FTS
The Indian Income Tax Appellate Tribunal (ITAT) holds that subcontracting charges of INR 2390 million paid by Infosys to its Chinese subsidiary constitute Fees for Technical Services (FTS), which are liable for withholding of tax.