R & D Cess @ 5 % is payable on Total Royalty amount or after deducting TDS from Royalty amount i.e. Net Royalty amount.
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R & D Cess
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AS PER R&D CESS ACT ,1986 UNDER SECTION 3 OF THE ACT , A CESS @ 5 % IS LEVIED ON ALL PAYMENTS MADE TOWARDS THE IMPORT OF TECHNOLOGY
THE CESS HAS TO BE CALCULATED ON THE TOTAL ROYALTY AMOUNT.
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