Import of Package software

This query is : Resolved

Guest

Guest (Querist)

16 March 2009 Dear Sir,

I want to import a software from Europe for my business requirement. It will be delilvered on a CD.

I want to know do I need to decduct TDS from the payment which I make to this Company in Euros. This Company has no brach office in India.

What other taxes I need to pay to import this software like custom or service tax etc?

Regards

Amit

chetan soni

chetan soni (Expert)
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16 March 2009 Its a sale of product no TDS will not be applicable. You just need to assure following things:

01. Import duty on the software
02. Provisions of FEMA etc.

Thats it.

Message likes : 1 times

Guest

Guest (Querist)

18 March 2009 Thanks lot!

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