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The Pune bench Income Tax Appellate Tribunal (ITAT) specified that the income made through IT support services and software licenses would not be levied with any tax. The taxpayer, BMC Software Asia Pacific Pte Ltd is working in selling Software products to end users and customers, and the Assessing Officer (AO) revealed that the taxpayer […]
The Income Tax Appellate Tribunal (ITAT), Pune bench held that the income generated from the selling of software license could not be categorised as royalty considering the provisions of the Income Tax Act, 1961. The Assessing Officer, while finalizing the assessment proceedings carried against the assessee, observed that Rs.86,05,13,407/- was accepted by the assessee towards […]
So DVDs and CDs are in the news again, Actually, AAR (Authority for Advance Rulings) Get to know about AAR (Authority for Advance Rulings) under GST India along with its mechanism. Also, we have described its objectives, powers, orders. Read More Tamil Nadu released order and clarifies that the Licensed Software’s CDs and DVDs can’t […]
Like every year, SAG Infotech brings exclusive discounts on its wide range of software solutions designed for CA professionals and experts. On the occasion of CA (Chartered Accountant) Day on July 1, 2025, the company offers a flat 50% discount on ROC/MCA, payroll software, except GST and Genius. The company’s product portfolio includes Genius, Gen […]
SAG Infotech brings again the offers on International Women’s Day 2025 on the 8th of March. In this offer, every woman-registered firm, business, the taxpayer is eligible to get listed SAG software on a flat 50% discount offer. The offer is exclusively available from 3rd March to 8th March 2025. Hurry Flat 50% Off on […]
The income of the taxpayer company emerged in India, as the payer, Genpact India, was also located in India. Hence, under the source rule u/s 5(2), the income obtained via the taxpayer company accrued or emerged in India. The method of furnishing technical services via the taxpayer and getting the payments that have the source in India […]
There is no tax levied in India on the receipt by Adobe from the supply of software and automated services, the New Delhi bench of the Income Tax Appellate Tribunal (ITAT) has stated. Adobe Systems Software Ireland Ltd., the taxpayer has contested the final assessment orders issued under section 143(3) read with section 144C(13) of […]
GST AAR in Karnataka has ruled that tax exemption is applicable on transfers of independent business parts which is related to mobile software. According to the two-member bench of M.P. Shri Ravi Prasad and Shri Kiran Reddy T., The transfer of an independent part of the “Loan Front” app, a mobile software application, qualifies as […]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled that the software development expenses for providing the services to clients are the expenses of revenue. The two-member bench of Vikas Awasthy (Judicial Member) and Gagan Goyal (Accountant Member) found that the expenses would have been made in the normal course of business of […]
