income tax mastercard case - Synopsis
Team SoOLEGAL 23 Dec 2019

    MasterCard Asia Pacific Pte Limited (MAPL or the Applicant), filed an application in Form no. 34C under section 245Q(1) of the Income tax Act, 1961 (the Act), on 23rdJanuary 2014. In the said application, an advance ruling has been requested on the taxability of fees in respect of the services rendered with regard to use of a global network and infrastructure to process card payment transactions for customers in India. 

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