The Mumbai ITAT has recently held that the subscription fee charged by the assessee-Company to access an online database must be treated as business income and not as royalty or Fee for Technical Services (FTS) under the Income Tax Act. The assessee, Elsevier Information Systems GmbH, is a German- based who maintains an online database […]
The post Subscription Fee to access an Online Database is Business Income, Not ‘Royalty’ or FTS: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
from Taxscan | Simplifying Tax Laws http://bit.ly/2HN3HGt
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