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2009 (6) TMI 28 - AUTHORITY FOR ADVANCE RULINGS
Subscription Fees - Data Base retrieval system - databases outside but subscribers in India - in the case of US-based financial data analytics firm FactSet Research Systems, which provides financial and economic information to Indian customers by entering into licence agreements with them, granting them the right to use its database and software tools. "Providing a client with the use of search and retrieval software and access to a database does not involve the exercise of special skill or knowledge when the software and database is delivered to the client," the ruling has said. Thus, payments by Indian companies cannot be seen as money spent on services of a 'technical nature'. Under the income-tax laws in India, receipts in lieu of technical services are taxable.