FPIs opting not to file tax returns in India may need to cough up more

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