CA KAMAL GARG

Question -  Whether the amounts paid by resident Indian end-users/distributors to non-resident computer software manufacturers/suppliers, as consideration for the resale/use of the computer software through EULAs/distribution agreements, is the payment of royalty for the use of copyright in the computer software, and that the same give rise to any income taxable in India, as a result of which the persons referred to in section 195 of the Income Tax Act are liable to deduct any TDS under section 195 of the Income Tax Act? Analysis: There cane be following 4 cases: Case 1 - Computer software is purchased directly by an end-user, resident in India, from a foreign, non-resident supplier or manufacture.  Case 2 - Resident Indian companies that act as distributors or resellers, by purchasing computer software from foreign, non-resident suppliers or manufacturers and then reselling the same to resident Indian end-users.  Case 3 - Distributor happen to be a foreign, non-resident vendor, who, a

The overall structure of the article follows a logical sequence: Part 1 introduces e-business and e-commerce and their relevance to businesses and consumers. It clarifies e-business terms and concepts such as online business, revenue and technology models by reviewing alternative applications through activities and case studies;  Part 2 approaches to developing e-business strategy and applications are reviewed for the organization as a whole, with an emphasis on buy-side e-commerce and sell-side e-commerce; and  Management of e-business implementation is described in Part 3 in which we examine practical management issues involved with creating and maintaining e-business solutions.  Within this overall structure, differences in how electronic com munications are used to support different business processes are considered separately.  This is achieved by distinguishing between how electronic communications are used, from buy side e-commerce aspects of supply chain management, to the mark

Nevertheless, derivative instruments give a lot of options, and flexibility to the businesses. A decision gone right or gone wrong can turn the fortunes of the firms and sometimes the industry. Traders have to be on their toes and, each second counts. Opportunities are unlimited; the returns are high, and a lot is at stake. But all this come, with a warning – “Handle with Care”. Irrespective of the traditional use of derivatives as instruments for hedging risk , they have been historically used by traders to speculate and gamble in pursuit of windfall gains .  Traders in lure of big money take positions which are out of their authority and control. The MONEY at stake is sometimes so huge that a derivative decision gone wrong WIPES OUT the complete company and spoils the hard reputation earned by the firm IN SECONDS .  There are numerous instances of huge losses from derivatives trading but there are a few cases in the derivatives history which stand out.  Let’s look at some of the bigg