Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TDS :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: cpt :: VAT Audit :: due date for vat payment :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: ACCOUNTING STANDARDS :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD
 
 
ę News Headlines »
 Haryana extends last date for payment of property tax, to March 31, 2017
 Who can file tax returns under presumptive taxation scheme
 Income tax dept notifies amendments for sharing taxpayer information
 Seven things you must do before 31st March
 Income Tax saving investments: Top 5 options available for high-income individuals
 How to use zero tax rule on long term capital gains on stocks
 GST Returns - Furnishing details of inward supplies
 5 ways to maximise you income tax return
 Income-tax (2nd Amendment) Rules, 2017
 Soon, Faster PAN, An App For Filing Tax Returns
 Changes in income tax return filing process

Software supplied by US cos to be taxed in India: AAR
July, 30th 2008

In a significant ruling an income tax authority AAR on Tuesday held that payments made towards supply of software by US-based defence major Raytheon to the Airports Authority of India will be taxed in India.

"The payment received by Ratheon Company (from AAI) in respect of software and provision of services of installation, testing and training shall be taxable under the Income Tax Act, 1961, read with the DTAA (Double Taxation Avoidance Agreement)," said Authority for Advanced Rulings (AAR).

Though the income tax ruling is binding only on the AAI and the income tax, it can have implications on other similar contracts.

"It is a disappointing ruling and plethora of precedents supports an opposite view", opined Diljeet Titus, senior partner of law firm Titus and Co.

The AAR ruling comes on questions raised by Airports Authority whether the payments made by it to the Rathyeon, in respect of contracts for supply and testing of Surveillance Situation Display Data (S-SDD), DG Servers and related software, would be taxed in India.

The supply of equipment and software relates to contracts entered by the Airports Authority with Ratheyon on behalf of Indian Air Force.

According to AAR, only payments relating to purchase of hardware by Airports Authority would be exempt from tax in India as "it is in the nature of business income and... the non-resident company (Ratheyon) does not have a permanent establishment in India."

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions