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Deduction of tax at source from payments in respect of systems software--Announcement by Finance Minister in Lok Sabha on 7-9-1990--Regarding

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....e Lok Sabha on September 7, 1990, the Finance Minister had, inter alia, announced:-- "At present customs duty is levied on the value of computer software by treating it as a commodity import. The non-resident licenser or seller is also subjected to income-tax on royalty payment for licensing of the software. To avoid this dual levy for exporters, Government has decided that lump sum payment for s....