A Co Inc., a foreign company has a branch office in India. The branch has developed an online platform which facilitates online sale of various…
CA Final · Direct Tax Laws and International Taxation · MTP · November 2024
A Co Inc., a foreign company has a branch office in India. The branch has developed an online platform which facilitates online sale of various materials and products related to ink, colour pigments and printer accessories. During the F.Y. 2023-24, the Indian branch charged a fee amounting to 2,65,00,000 from SI Ltd., an Indian company for the use of the online platform. What is the amount of equalization levy that SI Ltd. should deduct/ pay in relation to payment to be made to Indian branch of A Co. for the use of the online platform?
Suggested Answer and Working Notes:
Correct Answer: Option (C)
NIL
Topics: Double Taxation Relief, Non-Resident Taxation
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