Tax & Regulatory Newsletter- April, 2020 Edition

Greetings!

We are pleased to attach herewith the Tax & Regulatory Newsletter – April, 2020 edition highlighting major recent tax and regulatory developments.

Inside this issue…

DIRECT TAX

Salary earned by employee of GEII India, not taxable in India
No liability for TDS in respect of recruitment services sought from Korean company

TRANSFER PRICING

ITAT confirms that provision of Negative Lien cannot be equated with Guarantee
ITAT held that advances made to subsidiary to be considered as an International transaction and needs to be benchmarked as per Indian Transfer Pricing (“TP”) Regulations.

REGULATORY

Guidelines on regulation of payment aggregators
Other Regulatory updates

GST

Applicability of GST on Phyto-therapy services

COMPLIANCE CALENDAR

Direct Tax
GST
Regulatory

We trust that you will find it interesting and informative.

Nangia Andersen India Pvt. Ltd. _Tax & Regulatory Newsletter- April, 2020 Edition