Payment to other countries for software royalty

TDS 463 views 1 replies

Hi,

    We are running a software company and have recently got distribution rights for software product in India.We need to pay fix percentage of sales to the company having copyright of the product. That company is based in Singapore. Do we need to pay any Service tax or deduct any TDS before making any such payment. What are the tax implications on such royalty payment & sales.

Sandeep

Replies (1)

Yes there shall be TDS deduction implication under Income Tax Act, 1961.

 

Regarding Service Tax , I am not sure whether the same will qualify under import of services.

 

 

Anuj

0-9810106211


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register