As per most of the tax treaties, tax rate on royalties and technical fees paid to investors outside India is at 10%. Tax experts say that as per the finance bill, foreign cos who have tax withheld at a rate less than that specified in section 115A (10.6%/10.9%) would not be able to benefit from the exemption from filing of tax returns, extended in this budget.from News-Economic Times https://ift.tt/31w31NQ
