Sec 195 (urgent)

This query is : Resolved 

30 November 2012 Dear Sir

One of our client purchased software product.

Whether he wants to deduct Tax on payment or not (TDS)

Thanks & regards
Nagaraju G

30 November 2012 Mr Raju

Very simple logic is that TDS is applicable if any income is passed on. So on purchases TDS is not applicable.

contact@vkbajaj.co.in

01 December 2012 According to recent amendment , Software comes under the definition of royalty and in case of royalty , TDS is deductible irrespective of whether there is any business connection or not.

You can take the benefit of DTAA.

In case of further query contact at mehul@raseshca.com




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