Taxation of Income from Royalty / FTS in hands of Non-Residents

One of the key and major amendment introduced while passing the Finance Bill, 2023 by Lok Sabha on 24^th March 2023 and as approved by Parliament on 27^th March post assent of the Hon’ble President on 31^st March 2023 is Section 115A. Section 115A is amended to tax non-resident on royalty or Fees for Technical Service at 20% (Plus applicable Cess and surcharge) with effect from 01^st April 2023.

Please click the below link to read more about the section 115A amendment.

115A amendment in FA 2023