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 of 5% Applies to Technology Imports; Consult R&D Cess Act 1986 and Rules 1996 for Details. A user inquired whether the R&D cess is currently applicable to the import of technology. A respondent confirmed that the R&D cess is applicable at a rate of 5% on payments made for importing technology. The respondent advised consulting the R&D Cess Act of 1986, as amended in 1995, and the R&D Cess Rules of 1996 for more details. (AI Summary)