Webinternet access and no particular software or hardware was required for accessing it; ─ Each customer was required to enter into a subscription agreement with the Assessee for … WebJan 3, 2024 · The Income Tax Appellate Tribunal ( ITAT ) in Pune held that No Tax Deduction at Source ( TDS ) is required on purchases of copyrighted software licenses. So the assessee had not committed default in terms of section 201 (1) and 201 (1A) of the Income Tax Act. The assessee had made certain payments to the non-resident / foreign companies.
Subscription Fees To Foreign Entity - Taxability In India
Webinternet access and no particular software or hardware was required for accessing it; ─ Each customer was required to enter into a subscription agreement with the Assessee for accessing the online database; ─ The Assessee granted non-exclusive and non-transferrable right to the customer to access and use the online database; WebJun 2, 2024 · Per the Income tax Act, 1961, income tax is deducted at the source by the receiver of the service at the time of advance payment or accounting of credit, whichever … お宮参り 服装
No TDS u/s 194J on Payments for Software Purchase
WebMay 17, 2024 · The tax department’s view regarding taxation of payments for use of software/purchase of software is that payment for grant of license- whether exclusive or non-exclusive, distribution and sale of CD carrying the software, sale of equipment with software would be taxable as royalty since a part of such payment, if not in entirety, is for … WebJun 25, 2024 · 1 Supreme Court case for Sec 195. There is no TDS u/s 195 for payment to non-residents for software purchases based on the Supreme Court decision in the lead case of Engineering Analysis Centre Of Excellence Pvt. Ltd [TS-106-SC-2024] dated 2 nd Mar 2024. For checking applicability of TDS u/s 195, DTAA with respective countries has to be … WebJul 23, 2024 · The income tax department has revised the rules relating to preparation & submission of Form 15CA and Form 15CB (see old rules of Form 15CB ). The revised rules became effective from 1st April 2016. The significant changes are as follows –. Form 15CA and 15CB which does not require RBI approval will be NOT be required to be furnished by … お宮参り 服装 カジュアル 父