TDS liability u/s 195 - consideration paid by the assessee for ...
Embedded Software Purchase Taxed as Business Income, Not Royalty; No Withholding Tax Required u/s 195.
July 25, 2015
Case Laws Income Tax AT
TDS liability u/s 195 - consideration paid by the assessee for purchasing of embedded software was to be treated as consideration for supply of goods and therefore, the same was taxable as business income and not as royalty - not subject to withholding tax u/s 195 - AT
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