Sunday 4 October 2015

Reimbursement of own share of software cost which is allotted among entities isn't taxable

IT/ILT: Where US company had purchased standard off shelves software to be used by assessee, Indian company, and allocated cost of software and, accordingly, assessee had reimbursed its share of cost to U.S. company, said reimbursement was not chargeable to tax in India

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