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
