Tavistock Corporation, in collaboration with the Tiger Woods Foundation, sought guidance on Indian withholding tax implications for sponsorship payments from India to the USA. Majmudar & Partners provided comprehensive advice to ensure compliance with Indian tax regulations.

Facilitating the Transaction

Majmudar & Partners’ role included:

• Analyzing Tax Treaties: Examined the India-USA Double Taxation Avoidance Agreement to determine applicable withholding tax rates and exemptions.
• Assessing Sponsorship Payments: Evaluated the nature of payments to ascertain their taxability under Indian law.
• Advising on Tax Compliance: Guided on procedural requirements for withholding tax deductions and remittances to Indian tax authorities.
• Mitigating Double Taxation: Provided strategies to mitigate double taxation risks, ensuring tax efficiency for both entities.

Majmudar & Partners’ expertise enabled Tavistock Corporation and the Tiger Woods Foundation to navigate complex Indian tax laws, ensuring compliance and efficient tax structuring for their sponsorship arrangements.

Majmudar & Partners provides expert guidance on tax and cross-border transactions in India. Contact us today to ensure compliance with tax regulations and optimize your international payment structures.