TDS Deduction
This query is : Resolved
14 August 2008
Sir,
I am working in software industry, we are buy & Selling package software, while paying to vendor we were deducting TDS@11.33%.
Now vendor is claiming, we should not deducted TDS on VAT or CST purchase only if there is service tax component in the invoice, then we need to deducted TDS@11.33%
We don't have any agreement or rate contract with vendor.
Please guide on TDS deduction.
Regards
Rushikesh.Pasar
I am working in software industry, we are buy & Selling package software, while paying to vendor we were deducting TDS@11.33%.
Now vendor is claiming, we should not deducted TDS on VAT or CST purchase only if there is service tax component in the invoice, then we need to deducted TDS@11.33%
We don't have any agreement or rate contract with vendor.
Please guide on TDS deduction.
Regards
Rushikesh.Pasar
18 August 2008
Hi,
You should not deduct tds on the purchase of software as it is not the service provided by the vendor but it is a clear cut sale & purchase.
You should not deduct tds on the purchase of software as it is not the service provided by the vendor but it is a clear cut sale & purchase.
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