Court Rules Cost-Sharing Agreement as Tax Evasion Tool; Payments Classified as Royalty u/s 195(1) of Income Tax Act.

Court Rules Cost-Sharing Agreement as Tax Evasion Tool; Payments Classified as Royalty u/s 195(1) of Income Tax Act. https://www.taxtmi.com/highlights?id=20207 Liability to deduct TDS u/s 195(1) – cost sharing agreement - utilizing intranet facilities - this Cost Sharing Agreement is only a device to avoid payment of tax - It is nothing but a royalty - HC en-us Tue, 30 Sep 2014 13:32:28 +0530 Tue, 30 Sep 2014 13:32:28 +0530 TaxTMI RSS Generator Court Rules Cost-Sharing Agreement as Tax Evasion Tool; Payments Classified as Royalty u/s 195(1) of Income Tax Act. https://www.taxtmi.com/highlights?id=20207 Liability to deduct TDS u/s 195(1) – cost sharing agreement - utilizing intranet facilities - this Cost Sharing Agreement is only a device to avoid payment of tax - It is nothing but a royalty - HC Highlights Income Tax Tue, 30 Sep 2014 13:32:28 +0530 https://www.taxtmi.com/highlights?id=20207