Section 92B of ITA, 1961 : Section 92B: Meaning Of International Transaction

ITA, 1961

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Explanation using Example

Imagine a software development company in India, AppTech Pvt Ltd, which is a subsidiary of a US-based company, GlobalSoft Inc. GlobalSoft Inc holds significant influence over the operations of AppTech Pvt Ltd, making them associated enterprises. AppTech Pvt Ltd develops a new project management software and licenses it to GlobalSoft Inc for their worldwide operations. This licensing transaction includes the t...

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