Whether income tax arise or not

Ravi SADhiyan (Practice) (4510 Points)

18 April 2019  

S Ltd receives a sum of Rs. 15 Lacs from K Ltd on 5th Jan-19 for agreeing not to carry on any business relating to software in India for next 5 years 

Whether S Ltd is liable to pay tax or not

And K Ltd is liable to deduct TDS if Yes than in Which Section of TDS