CBDT notified payments exempted under Section 194J of Income Tax Act, 1961

Search News

Vide its Notification No. 21/2012 [F.No.142/10/2012-SO(TPL)] S.O. 1323(E), dated 13th June, 2012 Central Board of Direct Taxes has notified that no deduction of tax shall be made on the payment made by a person (transferee) for acquisition of software from another person, being a resident (transferor), where the software is acquired in a subsequent transfer and the transferor has transferred the software without any modification and the tax has been deducted under section 194J on payment for any previous transfer of such software; or under section 195 on payment for any previous transfer of such software from a non-resident and the transferee obtains a declaration from the transferor that the tax has been deducted either under sub-clause (a) or (b) of clause (ii) along with the Permanent Account Number of the transferor.

Find Lawyer / Law Firm

Importance of Immigration Lawyers

As Indians we know India in itself is an amazing nation and even the world agrees with that, however, grass is always greener on the other side and that is why Indians desire to immigrate a More

Legal Consultation - Consult over phone, chat or send questions

Helplinelaw can set up your session with quality and experienced lawyers to discuss and resolve your legal matters. You can avail consultation in form of sending questions, phone call or webchat discussion  More