Contents: Vol. I. 1. Introduction. 2. Tax liability of foreign collaborators in India. 3. Income tax treatment of payments to foreign collaborators: an analytical study. 4. Tax treatment of foreign travel expenses. 5. Joint ventures abroad by Indian enterprises. 7. Tax implications of fluctuations in rates of exchange of currencies. 7. Grossing up of tax and income. 8. Assessment of foreign collaborators in India through agents. 9. Deduction of tax source from non-resident's income. 10. Penalty on agent of non-resident for non-deduction of tax at source. 11. Recovery of tax from non-residents. 12. Transfer pricing and international transactions. 13. Double taxation relief rule. 14. Taxation of employees of foreign enterprises in India. 15. Income tax exemption to technicians from 1.4.1994. 16. Disallowance of head office expenses on non-residents. 17. Rates of tax on income of non-residents. 18. Treatment of income tax paid abroad. 19. Advance rulings for non-residents. 20. Problems of non-residents in tax treatment. 22. Tax exemption for sales in course of imports/exports. 22. Indian customs laws: an overview. 23. Anti dumping and safeguard duties. 24. Service tax on taxable services rendered outside India. 25. Guidelines on law relating to foreign exchange dealings. 26. Foreign trade agreements between India and other countries. 27. Rates of tax under double taxation a voidance agreements.
Vol. II. Part. I. Text of DTAA between India and other countries: 1. Double taxation avoidance agreement with Armenia. 2. Double taxation avoidance agreement with Australia. 3. Double taxation avoidance agreement with Austria. 4. Double taxation avoidance agreement with Bangladesh. 5. Double taxation avoidance agreement with Belarus. 6. Double taxation avoidance agreement with Belgium. 7. Double taxation avoidance agreement with Brazil. 8. Double taxation avoidance agreement with Bulgaria. 9. Double taxation avoidance agreement with Canada. 10. Double taxation avoidance agreement with China. 11. Double taxation avoidance agreement with Cyprus. 12. Double taxation avoidance agreement with Czech Republic. 13. Double taxation avoidance agreement with Denmark. 14. Double taxation avoidance agreement with Finland. 15. Double taxation avoidance agreement with French Republic. 16. Double taxation avoidance agreement with Germany. 17. Double taxation avoidance agreement with Greece. 18. Double taxation avoidance agreement with Hungary. 19. Double taxation avoidance agreement with Indonesia. 20. Double taxation avoidance agreement with Ireland. 21. Double taxation avoidance agreement with Israel. 22. Double taxation avoidance agreement with Italy. 23. Double taxation avoidance agreement with Japan. 24. Double taxation avoidance agreement with Jordan. 25. Double taxation avoidance agreement with Kazakstan..................... II. Limited Agreements with respect to merchant shipping and income of airlines: 71. Double taxation avoidance agreement with Afghanistan................ III. Trade agreements: 86. Agreement on trade negotiations among developing member countries of the economic and social commission for Asia and the Pacific (Bangkok Agreement) Asia-Pacific Trade agreement-amendment .................. General Index.
"Economic liberalization in India started seriously fifteen years back has covered a wide area touching upon the different fields of international trade, exchange control, monetary and industrial policies, trade and fiscal policies, economic and cultural relations aimed at accelerating the growth in all spheres with a view to bringing about globalization of the India economy. The liberal and broad based economic and commercial relationship between India and various foreign countries in recent years has led to more collaboration and joint ventures at various levels in the public and private sectors to keep pace with the ever changing international advancement in trade, commerce, science and technology. The inflow of multinationals to set up business ventures in India coupled with the funds from Non-residents coming for short-term and long-term investments in India have helped to achieve a sound and stable economy that India has come to be recognized internationally. The political uncertainties due to changes in the Governments at the central and state levels have not adversely affected the growth of international trade and commerce between India and others.
The Government of India has entered into numerous tax treaties as well trade agreements with various foreign countries to provide stability and certainty to the tax laws and commercial relationship between the parties in India and abroad. The large number of judicial pronouncements including advance rulings in the recent years under the tax laws, both direct and indirect, has added to the confidence of Non-residents being inspired with the Indian fiscal and judicial systems. The enormous wealth of judicial decisions from the Supreme Court as well as the High Courts and the Tribunals in deciding numerous tax disputes would also help to remove the uncertainties and ambiguities in the tax system and administration. The tax treaties have helped both the collaborators from abroad and the Indian enterprises in the private and public sectors to know precisely the nature, extent and scope of the tax liability as also the country in which tax is payable. Tax laws being complicated and ever changing, it is essential to have a book which provides an authoritative and analytical commentary on the tax implication which are explained in various chapters lucidly. Tax implications of foreign collaborations in relation to the foreign collaborators, their technicians and associates as well as the tax treatment of the payment to collaborators and their technicians and executives, effect of the special provisions of tax treaties and a host of allied matters of direct and indirect tax laws have been elaborately dealt with.
The statutory amendments upto and inclusive of Finance Act, 2006 and the rulings of courts and tribunals reported upto 01.11.2006 have been taken into account to provide a unique and authoritative commentary for the guidance of taxpayers, tax authorities, collaborators and their counsels as also the judicial and appellate authorities besides being and indispensable guide and research work for all concerned." (jacket)
