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Querist : Anonymous

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Querist : Anonymous (Querist)
07 May 2010 Sir,

we have purchased new software & modem in bill they mentioned modem & software cost rs 45000 & service charges Rs 10000/- pls let me know whether tds is applicable ? if it is applicable what is the tds rate pls advice at the earliest


Regards
Raghavendra
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CA SANJAY MUKHERJEE

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CA SANJAY MUKHERJEE (Expert)
07 May 2010 No Tds on purchase of software.Assuming the same does not attract service tax and does not fall under service.

On service charge of Rs. 10,000 Tax is not deductible at source as the amount charged falls within the threshold limit of Rs. 20,000 ( 30,000 from 01.07.2010).
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
07 May 2010 AGREE WITH EXPERT ADVICE.
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Querist : Anonymous

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Querist : Anonymous (Querist)
07 May 2010 but they charges service tax on 55000@10.3%
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CA SANJAY MUKHERJEE

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CA SANJAY MUKHERJEE (Expert)
07 May 2010 Then TDS is deductible on 55,000 under section 194J @ 10 %

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