withholding tax on import of licence

[Harish uniyal]

  Is withhplding Tax is applicable in regards to the import of Software licence in India from Shangai .

AI Summary

Withholding tax applies to software license imports into India, confirmed by cases involving Mercury Interactive and Puma Sports. A query was raised regarding the applicability of withholding tax on the import of software licenses into India from Shanghai. The response confirmed that withholding tax is applicable, referencing specific cases from the Income Tax Appellate Tribunal in Bangalore, involving Mercury Interactive Sales & Service India Pvt. Ltd. and Puma Sports India Private Ltd. These cases illustrate the precedent that such imports are subject to withholding tax under Indian tax regulations.