Madras HC Upholds Government's Decision to Tax Inflows at 30% TDS from Cyprus - 13.04.2016

Madras HC has issued order dismissing petitions challenging constitutionality of Section 94-A (1), of Income Tax Act and against notifying Cyprus as a jurisdictional area. The Court ruling comes as a major set back for FIIs and upholds Govt's decision to tax inflows at 30% TDS from Cyprus.

Tags : Madras HC Cyprus

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