TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 February 2011
We are purchased Software License from Indian Co from and the Vender raised the invoice in USD.
what amount of TDS is applicable
what amount of TDS is applicable
Guest
Guest
(Expert)
08 February 2011
In my opinion, no TDS will be required.
08 February 2011
TDS is required to be deducted on revenue item. The above items are Intangible asset. But there may be technical service, then TDS is required to be deducted @ 10 %
Message likes :
1 times
09 February 2011
yes. TDS need to deduct u/s.194J
Guest
Guest
(Expert)
09 February 2011
In my opinion, payment for purchase of Software License does not tantamount to payment of fees for technical services within the meaning u/s 194J
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