Transaction of technical knowhow
This query is : Resolved
07 February 2013
We are a Indian private limited company and want to do technology transfer to an Indian Pvt Ltd company
1. How transaction takes place? what are taxes applicable
2. How much depreciation applicable.
1. How transaction takes place? what are taxes applicable
2. How much depreciation applicable.
07 February 2013
Clarify... You want to take the technology transfer or give the technology transfer????
08 February 2013
If it is a sale of technology which is ur capital asset, then the sale consideration shall be reduced from block value and if the block is negative, the it shall be charged as STCG.
If it is a mere giving a right to use ur technology, then both service tax and VAT will be applicable.
If it is a mere giving a right to use ur technology, then both service tax and VAT will be applicable.
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