Income Tax

Taxing Pakistani/other Foreign Artists Performing in India, working in Indian films other stage shows

Taxing Pakistani, other Foreign Artists Performing in India

Ministry of Finance – Press Release dated 06-05-2015

Pakistani and other foreign artists who come to India for working in Indian films and other stage shows charging fees are subjected to income tax as per Indian rules. These artists are subjected to tax in India as per Double Taxation Avoidance Agreements (DTAA) with concerned countries or the domestic tax laws, whichever is beneficial to them. However, the Government does not maintain country-wise segregated information about tax paid by artists of foreign countries including Pakistan, performing in India.

The payer is liable to deduct the tax at source while making payments to artists of foreign countries including Pakistan, where the income is chargeable to tax under the Income Tax Act and applicable DTAA.

This was stated by Shri Jayant Sinha, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha today.

FDCM invites application for empanelment of practising CAs/ Chartered Accountant Firms

Invitation For Empanelment Of Practising Chartered Accountants / Chartered Accountant Firms Forest Development Corporation of Maharashtra Limited (FDCM Limited), Nagpur,…

49 minutes ago

Empanelment

PGRI invites application for CAs for empanelment for Circulation Verification work

Press Registrar General of India (PGRI) invites application for empanelment of Chartered Accountants. The Press Registrar General of India manages…

1 hour ago

Income Tax

CBDT notifies revised Form for registration as valuer & authorised income tax practitioner

CBDT notifies revised Form No. 169 for making application for registration as a valuer under section 514 and authorised income…

2 hours ago

Income Tax

Curtailing time to file reply to notice u/s 148A(b) from 30 days prejudiced assessee’s right – HC

Curtailing time to file reply to notice u/s 148A(b) from statutorily available 30 days to 15 days seriously prejudiced assessee’s…

1 day ago

Income Tax

For registration u/s 12AB, applicability of proviso to section 2(15) can’t be adjudicated

At the stage of registration u/s 12AB, the CIT(E) not empowered to adjudicate applicability of provisio to section 2(15) of…

2 days ago

Income Tax

Flower bed area not included in “built up area” to calculate eligible limit u/s 80IB(10)

Flower bed area could not be included in the definition of “built up area” to calculate eligible limit of 1000…

3 days ago