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Income Tax - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Purchase of computer software - Capital v/s Revenue - the ...


License Fees for Software Renewal Under Two Years Deemed Revenue, Not Capital.

February 6, 2013

Case Laws     Income Tax     AT

Purchase of computer software - Capital v/s Revenue - the license fees paid was for renewal of the usage of software and for a limited period for less than two years thus held to be in nature of revenue - AT

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