Details on Taxes
This query is : Resolved
21 September 2010
Need information on the below.
Background: My Company "XX" wants to sell software on behalf of a US Company "ZZ" acting as their Distributor in India.
1. Sell as in the condition bought.
2. Sell after customizing as per the local needs.
Please let us know what kind of taxes would be involved in such a kind of transaction.
Please enlighten us on this.
Thank you
Vijay
Background: My Company "XX" wants to sell software on behalf of a US Company "ZZ" acting as their Distributor in India.
1. Sell as in the condition bought.
2. Sell after customizing as per the local needs.
Please let us know what kind of taxes would be involved in such a kind of transaction.
Please enlighten us on this.
Thank you
Vijay
CA.Madhusudan B.P.
(Expert)
20 November 2010
In both the situation, Customs duty for (Import) Excise duty (If the goods are excisable in India) VAT (sale with in India) & income tax (Profit)
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