One of my client is an educational instutitional and they are paying annual licence fee for a particular educational software i.e. purchasing right to use for the software every year and the vendor is also issuing sale invoice for right to use e.f. Right to use 20000 + CST 10% 2000 = 22000.
Please advise whether tds to be deducted or not. If deductible than under which section and what rate?
CAclubindia
