Whether payment by a resident to non-resident for imported software is payment of 'royalty' requiring to deduct tax u/s 195 or a transaction of purchase of goods?

Adv. Ravish Bhatt, ADIT, CIOT , Last updated: 02 October 2022
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S.9(1)(vi)(b) of the Income Tax Act, 1961 (The Act) provides that income by way of royalty payable by a resident except where the royalty is payable in respect of any right, property or information used or services utilized for the purpose of a business or profession carried on by such person outsid

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Adv. Ravish Bhatt, ADIT, CIOT
(Dual Qualified Lawyer/ Solicitor, International Tax Affiliate, CIOT)
Category Income Tax Report

Whether payment by a resident to non-resident for imported software is payment of 'royalty' requiring to deduct tax u/s 195 or a transaction of purchase of goods?

You have reached daily limit of 2 Free Articles. To view this or other Articles please subscribe to CCI PRO :

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Original Price : INR 2999/-

Offer Price : INR 1999/-

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