Dear friends,
Please find attached the ruling of Karnataka high court . It says that TDS shall be deducted from the payments to a non-resident party against purchase of Software licenses. I dont have the actual order with me but this extract says that the software license purchase be treated as Royalty payment to non resident.
Thus while certifying for forex remittances in form 15CB whether we shall ask the client to deduct tax?
Attached File : 50 hc karnatka puts software from global vendor in tds net 25 09 09 .pdf downloaded: 137 times
CAclubindia
