Indian update: Ship hire charges payable to foreign ship owners not taxable

March 28, 2004

A Mumbai tribunal has held in DCIT v. Reliance Industries Limited (81 TTJ 787) that the charges paid to a foreign company outside India for the hire of ships are not taxable in India

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Indian update: Ship hire charges payable to foreign ship owners not taxable

A Mumbai tribunal has held in DCIT v. Reliance Industries Limited (81 TTJ 787) that the charges paid to a foreign company outside India for the hire of ships are not taxable in India

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