Monday 10 March 2014

Sum paid to foreign co. for transfer of right to use software would be deemed as ‘royalty’

IT/ILT: Consideration paid by Indian customers or end users to assessee, a foreign company, for transfer of right to use software/computer programme in respect of copyright falls within mischief of 'royalty' as defined under sub-clause (v) to Explanation 2 to clause (vi) of section 9(1)


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