R & D CESS
Guest
Please advice whether R & D cess is presently appicable on import of technology or not. If yes, then please provide some relevant circulars.
R&D cess applicability on imported technology clarified; cess levied on payments for imported technology under relevant legislation. Applicability of R&D cess on payments for imported technology: the cess is chargeable on payments made for import of technology, and the statutory framework is the R&D Cess Act, 1986 (as amended) together with the R&D Cess Rules, 1996; readers are referred to those provisions on the official website for details. (AI Summary)
TaxTMI
TaxTMI