TDS on Royalties and FTS paid to nonresidents doubled!

As per section 90(5) of the Indian Income Tax (IT) Act, income of a Non-Resident arising from India is taxed as per the provisions of the IT Act or the relevant tax treaty, whichever is beneficial to the assessee. Currently, section 115A of the IT Act provides for payments to a Non-Resident in the nature […]

Read more

NMK & Co LLP, Chartered Accountants joins IR as the exclusive Corporate Services Member in India

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Amit Ashok Purohit of NMK & Co LLP, Chartered Accountants. Amit has joined IR as our exclusive Corporate Services Member in India. N M K & Co LLP, Chartered Accountants, is an accountancy firm established in 1982, and is headed by […]

Read more