Income of foreign shipping company not taxable in India under ‘ place of effective management ‘ test

By | April 29, 2017
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(Last Updated On: April 29, 2017)

Income of a foreign shipping company not taxable in India under “place of effective management” test: The Rajkot Bench of the Income-tax Appellate Tribunal held that under Article 9 of the India-Denmark income tax treaty, earned by a foreign company from operations of ships in international traffic is not taxable in India because the place of effective management of such foreign company is outside India. The case is: Pearl Logistics and EX-IM Corporation. Read an April 2017 report [PDF 410 KB] of KPMG

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