Transaction of technical knowhow

This query is : Resolved 

07 February 2013 We are a Indian private limited company and want to do technology transfer to an Indian Pvt Ltd company

1. How transaction takes place? what are taxes applicable
2. How much depreciation applicable.

07 February 2013 Clarify... You want to take the technology transfer or give the technology transfer????


07 February 2013 We want to give technology transfer


08 February 2013 If it is a sale of technology which is ur capital asset, then the sale consideration shall be reduced from block value and if the block is negative, the it shall be charged as STCG.
If it is a mere giving a right to use ur technology, then both service tax and VAT will be applicable.



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