India: Character of income, sub-licensing of property | KPMG Global
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India: Character of income, sub-licensing of property; foreign exchange loss

India: Character of income, sub-licensing of property

The KPMG member firm in India has prepared reports about the following tax developments (read more at the hyperlinks provided below).


Related content

  • Income from sub-licensing of property, held not business income: The Supreme Court of India addressed the character of income from the sub-lisensing of retail property, and held that such income was taxable as “house property” income and not business income. The case is: Raj Dadarkar and Associates. Read a May 2017 report [PDF 368 KB]
  • Unrealised foreign exchange loss, loan to purchase of assets in India: The Chennai Bench of the Income Tax Appellate Tribunal held that an unrealised foreign exchange loss on a loan obtained for the purpose of asset purchases was a “revenue loss” and therefore was allowable as deduction. The case is: Hyundai Motor India Ltd. Read a May 2017 report [PDF 322 KB]
  • Intern visa guidelines: The Government of India issued comprehensive guidelines for the intern visa program when the individual is sponsored by an Indian company or an educational institution or a non-governmental organisation. Read a May 2017 report [PDF 304 KB]

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