AAR Applies 'Look At' To Tax Offshore Supplies

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Published on Mon, May 21,2012 | 18:11, Updated at Mon, May 21 at 20:36Source : Moneycontrol.com 

The Authority for Advance Ruling in a recent ruling has held that a single contract for supply, installation and commissioning of equipment was a composite contract and hence could not be ‘dissected’ for determining taxability of income from offshore supply of equipment and erection and commissioning activities in India.

For more please read the attached BMR report...