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Income Tax - Highlights / Catch Notes

Home Highlights June 2013 Year 2013 This

Service charges paid on software development to DERPOL - ...


Software Development Charges to DERPOL Classified as Revenue Expenses Under Income Tax Regulations.

June 17, 2013

Case Laws     Income Tax     AT

Service charges paid on software development to DERPOL - expenses claimed by the assessee are of revenue in nature - AT

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  13. Taxability of income - Characterization of receipts - software sub-licence fee - the income in dispute, since can be classified under other Articles of the tax treaty,...

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  15. The assessee, a non-resident company incorporated in Singapore without a permanent establishment in India, received income from licensing of software to M/s. L&T Ltd....

 

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