Commission for Credit Cards issued by Foreign Bank Branches not Taxable in India: Delhi HC [Read order]
It was noted that the amount payable by those card holders would clearly be a debt incurred outside India
By Manu Sharma - On September 30, 2024 3:57 pm - 2 mins read
In a significant ruling, a Division Bench of the Delhi High Court held that payments related to credit cards issued by foreign branches of banks are not subject to tax in India. The central issue revolved around the taxation of credit card commissions related to cards issued by foreign branches but used within India. The…
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