In view of the ‘second wave’ of the COVID-19 pandemic severely spreading across the country, the government of India has issued two notifications (notification numbers 38/2021 and 39/2021 dated 27 April 2021) (Notifications) to extend certain timelines with respect to various tax compliances which are expiring/due on 30 April 2021 to 30 June 2021:
The Delhi High Court in its recent judgment in the case of Concentrix Services Netherlands BV WP (C) 9051/2020 and Optum Global Solutions International BV WP (C) 882/2021 (Taxpayer), ruled that the 10% tax rate on dividends under the India-Netherlands tax treaty (Tax Treaty) would reduce to 5% as per the most favoured nation (MFN) clause in the Tax Treaty.
The Supreme Court of India on 2 March has put to rest a long-standing contentious issue surrounding the characterisation of income in the hands of non-resident software manufacturers and suppliers in a landmark judgment in the case of Engineering Analysis Centre of Excellence Private Limited (Civil Appeal Nos. 8733-8744 of 2018).
