Business Services Industry
India: Withholding tax required on software purchases, AAR says.
Australasian Business Intelligence, February, 2007
Byline: Bijal Ajinkya and Archana Rajaram
Feb 12, 2007 (Tax Notes International - ABIX via COMTEX) -- India's tax authorities have issued a ruling on withholding tax relating to purchases from foreign companies. The Authority for Advance Rulings (AAR) held there was a legal obligation to withhold tax when making payments for software purchased overseas. Indian company Headstart Business Solutions had sought the ruling regarding the purchase of Microsoft products from ...
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