https://www.taxtmi.com/article/detailed?id=10449 Applicability of TDS and TCS extends to transactions in transferable import licences or entitlements because such licences constitute movable commercial assets whose purchase price is part of the cost of imported goods; therefore, when the aggregate value of a goods transaction includes the licence component and crosses the statutory threshold, the buyer may be required to deduct tax or the seller to collect tax, subject to statutory exclusions and mutual commercial arrangements. en-us Sat, 11 Jun 2022 10:30:25 +0530 Mon, 13 Jun 2022 22:03:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10449 Applicability of TDS and TCS extends to transactions in transferable import licences or entitlements because such licences constitute movable commercial assets whose purchase price is part of the cost of imported goods; therefore, when the aggregate value of a goods transaction includes the licence component and crosses the statutory threshold, the buyer may be required to deduct tax or the seller to collect tax, subject to statutory exclusions and mutual commercial arrangements. Articles Income Tax Sat, 11 Jun 2022 10:30:25 +0530 https://www.taxtmi.com/article/detailed?id=10449