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- Interest paid to foreign co on convertible debentures taxable (Business Standard India)
In a move that could set a precedence for numerous court cases on tax deduction in interest payments on foreign currency denominated loans, the Authority for Advance Rulings (AAR) has ruled that the interest paid to a foreign company on convertible debentures constitutes the foreign company’s income and is liable to be taxed in India.
- From day trading to water wells - Independent
Share He's just back from shaking hands, clinking wine glasses and hob-nobbing with the global philanthropy jetset who attended the Clinton Global Initiative in New York . But unlike Microsoft billionaire Bill Gates , Virgin founder Richard Branson ...
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