Software for Employees Salary Calculation I with PF & ESI Reports I CA Satbir Singh
Software for Employees Salary Calculation I with PF & ESI Reports I CA Satbir Singh
Tag Archives: software
What makes E-Invoicing a goldmine for precise ITC claiming
What Is E-Invoicing- A Technical Aspect The Government cannot lay enough emphasis on Revenue collection especially when it comes to Goods & Service Taxes. The GSTN wants to have a firm hand over it to cover Revenue leakage, as well as focus on better compliance of the Businesses with the GST System. To target the… Read More »
Payment for purchase of software without any copyright is not royalty, No TDS u/s 195
Held The assessee has acquired a readymade off – the shelf computer programme to be used in their business and no right was granted to the assessee to utilize the copy right of the programme and, therefore, consideration cannot be treated as royalty. As held by the CIT(A), the payments made by the assessee company… Read More »
Company engaged in software design cannot be considered as comparable to software development service
Company engaged in business of software products, design and development of software cannot be considered as comparable to software development service provider and Forex gain on receipt of consideration against services rendered to AE is part of operating revenue Analog Devices India (P.) Ltd. v. DCIT [Bangalore ITAT] IT (T.P) Appeal No. 1288 of 2014… Read More »
Packaged,readymade, off the shelf software are liable only to VAT
High Court of Karnataka Finance Department of Karnataka Department vs IBM India Private Limited, STRP No. 215/2011 18th September 2015, Following aspects in respect of sale and development of customized software has been held with regard to their taxability: 1.The packaged, readymade, off the shelf software are pure goods liable only to VAT. 2. The… Read More »