Say hii to Mr. Smoothie, who manages all his business sectors very smoothly. Everything was going fine, but from last 6 months they received complaints from vendors and customers, that they were receiving business promotional mails from Smoothie’s employees. But for……..promoting other companies, not smoothie’s business. Initially they ignored, but when they were losing various …
Hiii, meet Mr. Jugadu- Owns Manufacturing company.His company was making good profits, but still he felt that there was shortage of cash, that forced him to borrow money from outside.To resolve this issue he hired a consultant Mr. Chanakya.
Supreme court has put the discussion to rest by passing a judgement that payment made to non-resident for getting a right to use the software is not taxable as royalty – Engineering Analysis Centre Of Excellence Pvt Ltd vs. CIT [125 taxmann.com 42 (SC)]
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