tax treaties-an overview -by vinay n sanji - Bangalore Branch of SIRC
tax treaties-an overview -by vinay n sanji - Bangalore Branch of SIRC
tax treaties-an overview -by vinay n sanji - Bangalore Branch of SIRC
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
1/19/2010ACTIVE & PASSIVE INCOME Passive Income-refers to income derived from investmentin t<strong>an</strong>gible / int<strong>an</strong>gible assets.Equity InvestmentDebtRight/Permission to use assetsDisposal <strong>of</strong> capital assets ownedYieldsDividendInterestRent / RoyaltiesCapital Gain Active Income is the income derived from carrying onactive cross border business operations or <strong>by</strong> personaleffort <strong>an</strong>d exertion as in case <strong>of</strong> employment.Vinay N S<strong>an</strong>ji & Co.23PASSIVE INCOMES-DISTRIBUTION OF TAXING RIGHTSArticleRef.Nature <strong>of</strong> Income6 Income from ImmovablePropertyTaxing Right<strong>of</strong> SourceStateHas the first rightto <strong>tax</strong>10 Dividend Income Has the rightto <strong>tax</strong>provided ratedoes not11 Interest Income12 Royalties <strong>an</strong>d Fees forTechnical Servicesexceed theagreed rate <strong>of</strong><strong>tax</strong> as perDTAA13 Capital Gains Has the first rightto <strong>tax</strong> aTaxing Right<strong>of</strong> State <strong>of</strong>ResidenceReserves theright to <strong>tax</strong>18 Pensions C<strong>an</strong>not <strong>tax</strong> pension C<strong>an</strong> <strong>tax</strong> PensionVinay N S<strong>an</strong>ji & Co.RemarksDividend is not<strong>tax</strong>able in India.DDT is levied uponthe comp<strong>an</strong>ydeclaringdividendsTax c<strong>an</strong> bedetermined as perthe domestic lax2412
Change language