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It has been held by the Income Tax Appellate Tribunal, Bangalore Bench thatIf computer software is affixed onto hardware and the single product i.e. integrated unit is sold then Tax Deducted at source shall not be applicable. Here, in this case, the assessee and the subject of consideration is M/s Autodesk Asia Private Limited that […]
The Union Budget each year includes revisions that affect taxpayers, businesses, and tax professionals. The Budget 2026 is the same; it includes updates to tax rates, rules, and deductions that everyone must understand and follow. Tax software is important because it helps turn these budget amendments into easy-to-use systems, making it easier for people to […]
Income tax software is an essential tool for individuals, tax professionals, and businesses to manage their taxes efficiently. As tax laws are frequently revised and technology continues to evolve, this software must be regularly updated to remain accurate, secure, and user-friendly. Such updates carry new features that streamline filing taxes, enhance precision and support people […]
A Salary slip has its own significance, which shows the income of the employee, the taxes and other deductions related to it, and their take-home amount. As each company has its own method to compute salaries and benefits, the layout of a salary slip often needs to be tailored to meet its specific criteria. Here, […]
In India, complying with the Goods and Services Tax (GST) rules is crucial. Often, the norms and due dates may be revised; therefore, it is essential to select the right digital tools to manage tax-related tasks, such as filing returns and handling invoices. Two options are there at present- GST mobile apps and online software. […]
The Delhi High Court has confirmed that payments by Indian companies to foreign entities for the resale or use of computer software are not classified as royalty. In a significant ruling, Justices V. Kameswar Rao and Vinod Kumar concluded that the Indian entity bears no obligation to tax deducted at source (TDS) in these circumstances. […]
Companies in India are mandated to file their financial details in a specific electronic format known as XBRL (eXtensible Business Reporting Language). This requirement, introduced by the Ministry of Corporate Affairs (MCA), applies to certain categories of companies. As MCA begins the same initiative, the businesses should deliver their Balance Sheets, Profit & Loss statements, […]
Tax filing in India has increasingly shifted towards a more digitised framework. This change has been driven by progressing regulations, new compliance requirements, and scrutiny from the Income Tax Department. In the Assessment year 2026-27, both tax professionals and individual taxpayers are looking for dependable, secure, and efficient tools for the correct and timely submission […]
Receipts via a foreign entity from the provision of software services to oil companies in India being like business profits are not chargeable in India in the absence of its Permanent Establishment (PE) during the relevant AYs, Delhi ITAT ruled. Section 44BB of the Income Tax Act includes a unique provision for the calculation of […]
