WebMay 25, 2024 · Time To Differentiate Between FPS & FTS – Brief Analysis of Amended Section 194J For AY 2024-22. For financial year 2024-21 (PY 2024-21 / AY 2024-22), the Finance Act, 2024 seems to have created few issues by unsettling some sections which were very well otherwise settled. In an attempt to cover revenue leakage, abolishing tax … WebFTS US is an audting and taxation firm based in New York City, New York. The firm's focus areas include tax management services, advisory services, mergers and acquisitions, information technology consulting, financial projections and forecasting, Chief Financial Officer outsourcing services, and debt related advisory, among other areas.
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WebApr 12, 2024 · FTS provides tax planning, tax compliance, and tax structuring for private equity funds, and real estate funds in the alternative investment industry. These services … Web10% (5% if shareholder is a company and holds 25% shares) 20%. 10%. 20%. 10%. 25% (Note 6) No separate provision. Tanzania. 10% if at least 10% of the shares of the company paying the dividend is held for a period of at least 6 months prior to the date of payment of the dividend; 15% in other cases. filter dropdown shortcut in excel
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Websubmitted that as per Article 12(3)(b) of the India-Belgium tax treaty, FTS includes payment received for services of managerial, technical or consultancy nature and chargeable to tax @10%. However, the assessee ... US Technology Resources Pvt. Ltd. (97 taxmann.com 642) 14. CIT vs. De Beers India Minerals (P) Ltd. – (346 ITR 467) WebMay 16, 2024 · 1. The way Fees for Technical Services has been defined in the Income tax act is quite generic, and income tax authorities in number of cases tend to categorise payment for almost all types of services as FTS payment. (So much so that in certain cases, they have tried to treat even business commission as Fees for Technical Services) 2. WebRoyalty and FTS – Increase in tax rate by government for non-residents!! It is interesting to note that various other countries charge almost similar or… filter dropdown with checkbox bootstrap