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royalty tax: Payment for imported software not royalty, rules SC

A bench of Justices BR Gavai, BV Nagarathna and Pankaj Mithal rejected a batch of review petitions filed by the Commissioner of Income Tax both on merits as well as on the grounds of delay. This means tax liability of foreign software seller without a permanent establishment in India would reduce to the 2% equalisation levy introduced via Finance Act 2020 from the 10%-15% royalty tax, which the Indian buyer has hitherto been liable to withhold.
Pankaj Mithal Rahul Garg Delhi High Court Supreme Court Karnataka High Court Samsung Electronics

Manufacturing Industry Will Reach 108 Million Private Cellular IoT Connections in 2030 As IoT Markets Show Healthy Growth in Private Cellular Networks

NEW YORK, April 24, 2024 /PRNewswire/ -- Mission-critical use cases are driving private IoT connection growth in key industrial markets like manufacturing, logistics, and transportation. Industrial IoT (IIoT) customers are eager to digitalize critical use cases with high-powered, dedicated networks, making these industries leaders in private 4G and 5G adoption. According to a new report from global technology intelligence...
Iot Networks Lora Alliance Wireless Networks In Io Iot Networks Services Analyst Lizzie Stokes Services Analyst

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Vodafone Business launches scam signal to defend against impersonation fraud

Vodafone Carrier Services, the wholesale division of Vodafone Business and partner for communication service providers globally, has launched a new service called Scam Signal which allows businesses to protect their customers from impersonation scams, particularly Authorised Pushed Payment (APP) fraud. Scam detection using this service improved by 30% after only three months of a successful pilot with a leading UK bank. JT Group Limited, a global technology leader delivering a range of co...
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