Browsing: tax dept

‘Software tax’: SC ruling to force tax dept to cough up a tidy sum

Finance

The income-starved government will have to cough up tens of thousands of crores of rupees more than the next couple of months towards honouring the claims of refunds of the 10% ‘royalty tax’ to scores of non-resident software program suppliers to Indian corporations, following Tuesday’s Supreme Court (SC) ruling, tax professionals mentioned.