Taxation of Business Process Outsourcing Units
The provisions containing taxation of IT-enabled business process outsourcing units are not contained in the Income-tax Act, 1961 but are given in Circular No. 5/2004, dated 28-9-2004 issued by the CBDT which is as under: A non-resident entity may outsource certain services to a resident Indian entity. If there is no business connection between the … Read more