Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT Audit :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: cpt :: due date for vat payment :: TDS :: articles on VAT and GST in India :: VAT RATES :: ACCOUNTING STANDARDS :: empanelment :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
From the Courts »
 The Principal Commissioner Of Income Tax-4 Vs. Inter Globe Technology Quotient Pvt. Ltd.
 Akum Drugs And Pharmaceuticals Limited Through: Director Shri. Sanjeev Jain Vs. Income Tax Officer, Ward-2(1) & Anr.
 Pr. Commissioner Of Income Tax Central-2 New Delhi Vs. Meeta Gutgutia Prop. M/s Ferns „n? Petals
 Prabhatam Investment Pvt. Ltd vs. ACIT (ITAT Delhi)
 CIT vs. Laxman Industrial Resources Pvt.Ltd (Delhi High Court)
  State Of Jharkhand vs. Lalu Prasad Yadav (Supreme Court)
 CIT vs. Krishan K. Aggarwal (Supreme Court)
 Ambuja Cements Ltd. Vs. Commissioner, Service Tax Commissionerate, Delhi
 Director Of Income Tax (Exemptions) Vs. Vishwa Hindu Parishad
 ITAT Proposes Important Changes To Tribunal Rules
 Meherjee Cassinath Holdings Pvt. Ltd vs. ACIT (ITAT Mumbai)

Convention between the Republic of India and the Kingdom of Norway - Amendment
December, 23rd 2006

CBDT 

Direct Tax Notification No. 368 dated 15 December 2006 
 
    Convention between the Republic of India and the Kingdom of Norway - Amendment 
  Summary The Central Government substituted the words and figures 'not exceed 10 percent' for the words 'not exceed 20 percent' in the Annexure to the Convention between the Republic of India and the Kingdom of Norway for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and on capital.

Whereas the Convention between the Government of the Republic of India and the Kingdom of Norway for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital came into force in the year 1986. being the year in which it was signed, after the notification by both the Contracting States to each other of the completion of the procedures required under their laws for bringing into force the said Convention;

And Whereas the Central Government in exercise of the powers conferred by section 44A of the Wealth-tax Act, 1957 (27 of 1957), section 90 of the Income-tax Act, 1961 (43 of 1961), and section 24A of the Companies (Profits) Surtax Act, 1964 (7 of 1964), had directed that all the provisions of the said Convention annexed to the notification of the Government of India, Ministry of Finance (Department of Revenue) (Foreign Tax Division) number G.S.R.756(E) dated the 9th September, 1987 shall be given effect to in the Union of India;

And Whereas the aforesaid Convention, under paragraph 2 of Article 13 relating to Royalties and fees for technical services, provides that if after the entry into force of this Convention, under any Convention or Agreement between India and a third State, India should limit its taxation on royalties or fees for technical services to a rate lower than that provided for in the present agreement on the said items of income, then, the same rate as provided for in that Convention or Agreement on the said items of income shall also apply under this Convention;

And Whereas the Conventions between India and Armenia, which came into force on the 9th September, 2004, India and Sudan which came into force on the 15th April 2004 and India and Hungary which came into force on the 4th March 2005, have limited the taxation at source on royalties and fees for technical services to a rate lower than that provided in the Convention between India and Norway on the said items of income;

Now, therefore, in exercise of the powers conferred by section 90 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendments to the notification of the Government of India, Ministry of Finance (Department of Revenue) (Foreign Tax Division) number G.S.R. 756(E) dated the 9th September, 1987, with effect from the 1st April, 2006, in India and with effect from 1st January, 2006, in Norway, namely:-

In the said notification, in the Annexure, relating to the Convention between the Republic of India and the Kingdom of Norway for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and on capital, in Article 13, in paragraph 2 for the words and figures "not exceed 20 percent" the words and figures "not exceed 10 percent" shall be substituted.

Sd/-
D.P. Sengupta
Joint Secretary to the Government of India

F.No.505/3A/81-FTD
Issued by:
Ministry of Finance
Department of Revenue
New Delhi

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Company Overview

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions