Service tax on royalty.
We are paying royalty to a foreign company for having received the technical knowhow. Should we have pay service tax on it ? If so, under what catagory ?
Asked on 3/26/08, 12:29 am
1 Answer from Attorneys
Homi Maratha
N.N. Maratha & Co.-Advocates
Re: Service tax on royalty.
Yes you are supposed to pay service tax under Article 20 of The Income Tax Act.
Answered on 3/26/08, 2:28 pm
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