rambhai.com - F. A.Q. on Indian Income Tax Laws!: Is Royalty Received By Norway Registered Company Taxable In Indi

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Business: F. A.Q. on Indian Income Tax Laws!: Is Royalty Received By Norway Registered Company Taxable In Indi

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posted by taxquery 1796 days ago

We are a software company(Registered as private limited company in India) and 99% of the shares are held by our Parent company registered in Norway. We are engaged in software development and the parent company wants us to pay Royalty on Sales @ 30% * Question 1: Whether the royalty paid to our parent company is taxable in India in the hands of the parent company? * Question 2: If so whether tax is payable on the gross amount or not and at what rate (as per DTA no rate is specified)? * Question 3: Whether withholding tax is applicable? Your Email : subbaiyapb@gmail.com The royalty payments are made by the Indian resident company to its parent Non Resident company. In that case, only point to see if the payments made by Indian company to Norway registered company is taxable income in India or not. The charging section for Non Resident is section 5(2) of the I T Act which is given as under:
2 comments | tags: income tax india dtaa all | category: Business | Add this link to... | tell a friend | bakwaas

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| written by ray 1796 days ago Rating: 0 | Rate comment: + -

This is such a specific example that I am not sure why you are posting it on Rambhai!!

Haven't you noticed that none of your posts ever get published.

If it's about how to save income tax etc which anybody can use fine.. else please don't post such specific stuff. Nobody will read it..
| written by prasenjeet 1796 days ago Rating: 0 | Rate comment: + -

serously ....i guess its important that u understand what is intresting and wat is not,just dont go on blindly posting stuff from your website