Q276
R Ltd, a German company, which is non-resident in India, earned the following income by way of fee for technical services. Advice about the taxability of such income in the hands of R Ltd in India. 1. Government of India paid Rs. 20,00,000 under an agreement, to be used for a project in India. 2. S Ltd, an Indian company, paid Rs. 30,00,000 for the know-how to be used in India. 3. Y Ltd, an Indian company, paid Rs. 40,00,000 for know-how acquired in Germany to be used in China. 4. Z Ltd, a non-resident company paid Rs. 24,00,000 for acquiring a know-how to be used in India for carrying on certain manufacturing business. Select the correct answer using the options given below
A.
1 and 2 Taxable
B.
Only 1 Taxable
C.
1, 2 and 4 Taxable
AnswerD.
1, 2 and 3 Taxable
Answer: Option C
Solution
Answer: Option C
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