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Jan 22, 2015
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Double taxation a headache for India’s product startups
India's software product startups plan to approach the finance ministry this week to get the ambiguity cleared in this Union Budget on the pending issue of whether software sold in the country should be classified as a product or service. Tax officials have been levying both value-added tax and service tax on sales of software products in the country, a move that's prompting many companies to shift their registered offices overseas.
Source -
http://economictimes.indiatimes.com
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