Interest amount paid by Indian branch to Foreign Head Office is not taxable in India under India France DTAA: ITAT [Read Order]

Interest amount paid by Indian branch to Foreign Head Office - taxable in India under India France DTAA - ITAT - TAXSCAN

The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that the interest amount paid by the Indian Branch to Foreign Head office  was not taxable in India under India France Double Taxation Avoidance Agreement(DTAA). Assessee, BNP Paribas  is a commercial bank having its head office in France. The assessee has  8 branches in India and is…

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