tds
This query is : Resolved
Querist : Anonymous
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
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
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).
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).
07 May 2010
AGREE WITH EXPERT ADVICE.
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 May 2010
but they charges service tax on 55000@10.3%
07 May 2010
Then TDS is deductible on 55,000 under section 194J @ 10 %
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