TMI BlogIndia Subscription Revenue Classified as Business Income, Not Royalty; Not Taxable as Royalty Under Indian Law.Income accrued in India - subscription/distribution revenue derived by the assessee as assessable to tax as royalty - the amount received cannot be brought to tax in India as royalty and the same is in the nature of business income. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|