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Income Tax - Highlights / Catch Notes

Home Highlights July 2011 Year 2011 This

IT Computer software after being put on to a media and then ...


Software Sold on Physical Medium Classified as Goods, Not Royalties, Like Audio Cassettes or Paintings.

July 4, 2011

Case Laws     Income Tax     AT

IT Computer software after being put on to a media and then sold, becomes goods like any other Audio Cassette or painting, payment cannot be termed as Royalty

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