TAX UPDATES: Arranger fee received by assessee-bank for mobilising deposits from SBI which was remitted to overseas branch/head office was not in nature of fee for technical services but merely commission and was not tax deductible at source

Monday 29 June 2015

Arranger fee received by assessee-bank for mobilising deposits from SBI which was remitted to overseas branch/head office was not in nature of fee for technical services but merely commission and was not tax deductible at source

Mashreq Bank psc [2015] 58 taxmann.com 291 (Mumbai - Trib.) MAY 8, 2015

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