TDS on Software licenses or subscriptions on payment to foreign companies!
- Software license purchase cannot be treated as ‘royalty’ under Income Tax Act, 1961.
- No TDS liability to deduct on payment to foreign companies.
- Does not give rise to Income of foreign company in India.
- Settled case law of “Engineering Analysis Centre of Excellence Pvt Ltd vs CIT”.
Part 1 - 𝑪𝒍𝒊𝒄𝒌 𝒉𝒆𝒓𝒆
Part 2 - 𝑪𝒍𝒊𝒄𝒌 𝒉𝒆𝒓𝒆
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Vidhu Duggal and Company (‘VDC’) is a Delhi-based Chartered Accountancy firm with a strong staff of competent and proficient Chartered Accountants that are capable of handling all aspects of the financial services industry.
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