PAYMENT TO OPEN AI AND ENVATO ELEMENT
This query is : Resolved
05 November 2024
Our company is using the service from Open AI and Envato (Both are NR and issuing bills in foreign currency), should we need to deduct TDS?
Payment made via credit card 15CA and CB is required?
This will also be covered under Appeal No: IT No. 3234/Bang/2018.
Payment made via credit card 15CA and CB is required?
This will also be covered under Appeal No: IT No. 3234/Bang/2018.
10 November 2024
Amounts paid by resident end-users to non-resident manufacturers/suppliers as consideration for computer software use through, do not constitute royalties payment for copyright use. Consequently, payments do not give rise to taxable income in India. Persons u/s 195 not liable to deduct TDS on these payments.
15CB not required.
15CB not required.
12 November 2024
thanks you for your response.
12 November 2024
You are welcome...
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