https://www.taxtmi.com/highlights?id=54556 TDS u/s 195 - Disallowance of Project Specific Costs u/s 40(a)(i) - There cannot be a retrospective obligation to deduct tax at source and therefore as on the date when the assessee made payments to the non-resident for acquiring off-the-shelf software cannot be regarded as in the nature of royalty and therefore there was no obligation on the part of assessee to deduct tax at source. - AT en-us Mon, 31 Aug 2020 18:28:37 +0530 Mon, 31 Aug 2020 18:28:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54556 TDS u/s 195 - Disallowance of Project Specific Costs u/s 40(a)(i) - There cannot be a retrospective obligation to deduct tax at source and therefore as on the date when the assessee made payments to the non-resident for acquiring off-the-shelf software cannot be regarded as in the nature of royalty and therefore there was no obligation on the part of assessee to deduct tax at source. - AT Highlights Income Tax Mon, 31 Aug 2020 18:28:37 +0530 https://www.taxtmi.com/highlights?id=54556