Tds on computer software
This query is : Resolved
14 September 2013
Dear All,
Can any one explain me if we are paying money for purchase of Computer Software & for Software Customization which section apply for TDS Deduction
Section 194 J Professional 10 % rate
OR
Section 194 C Contractor
Regards
Karan Khurana
Can any one explain me if we are paying money for purchase of Computer Software & for Software Customization which section apply for TDS Deduction
Section 194 J Professional 10 % rate
OR
Section 194 C Contractor
Regards
Karan Khurana
14 September 2013
There is no TDS on purchase of the computer software. But if you are after purchasing the software getting it customized in my opion it amount to a professional service with TDS u/s 194J with respect to fees paid on such customization.
14 September 2013
It depends on the nature of transaction between you and your vendor.
If the software is made according to your specifications,TDS will be applicable u/s 194J @ 10%...
If the software is a readymade software,TDS will not be attracted.
If the software is made according to your specifications,TDS will be applicable u/s 194J @ 10%...
If the software is a readymade software,TDS will not be attracted.
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