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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Income Tax Act Section 9 Amended: New Proviso on Software Royalty Payments and Definitions Updated for Clarity.</h1> Section 9 of the Income-tax Act has been amended to include a new proviso in clause (vi) of sub-section (1). This proviso states that the clause does not apply to income from royalty that involves a lump-sum payment by a resident for rights related to computer software supplied by a non-resident manufacturer, under a government-approved scheme. Additionally, the term 'foregoing proviso' is replaced with 'first proviso' in Explanation 1, and a new Explanation 3 is added to define 'computer software' as per section 80HHE.
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