Monday, November 16, 2020

Income Tax applicable on payment made by distributor for getting Software from a Foreign Company: ITAT [Read Order]

Income Tax - payment- distributor- Software- Foreign Company- ITAT-TaxscanThe Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that the payment which is made by the distributor for getting software from a foreign company is taxable. The assessee, M/s Kaseya Software India Private Limited was responsible for software distribution in India, conducting events, and other advertising expenses. The Indian entity charged a 15% margin […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3kuM1iY

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