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SC ruled that payments made by Indian end users to foreign software suppliers are not "royalty" and therefore they are not taxable in India, if there is no transfer of copyright in the software.

Software Payments Cannot be Considered as Royality Without Transferring Copyright

Software Payments Cannot be Considered as Royalty Without Transferring Copyright

As per the Income Tax Act, UPI transactions are categorised as income from other sources under section 56(2).

Income Tax Guidelines on UPI Transaction Limit in Bank A/C

The CBDT has announced the extension of due date for filing ITR till 30 November, 2025. Taxpayers who who are eligible to get a due tax refund will now be compensated with the refund for the same.

Delay in getting Income Tax Refund: CBDT extends timeline for processing old ITRs

The Income Tax Department is imposing heavy penalties on individuals using inactive PANs for financial transactions without linking them to Aadhaar.

IT Department Targets Inactive PANs, Imposes Rs. 10,000 Penalty Per Transaction

A practical guide on common errors, audit risks, and compliance essentials related to Form 15CA/15CB for foreign remittances under Indian tax and FEMA laws.

Mistakes in Form 15CA/15CB can lead to heavy penalties, tax disallowances

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Due Date for processing AY 2023-24 ITRs extended by Income Tax Department to 30th November 2025

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Software Payments Cannot be Considered as Royalty Without Transferring Copyright

Income Tax Guidelines on UPI Transaction Limit in Bank A/C

Delay in getting Income Tax Refund: CBDT extends timeline for processing old ITRs

IT Department Targets Inactive PANs, Imposes Rs. 10,000 Penalty Per Transaction

Mistakes in Form 15CA/15CB can lead to heavy penalties, tax disallowances

Due Date for processing ITR for AY 2023-24 extended: Know the the extended time