TDS
This query is : Resolved
20 December 2010
iam working in Spices co. Manager purchase a tally software from tata consultancy ltd. for Rs. 165000.00 monthly payment every time Whther i deducted TDS or not. Please explain the reason
20 December 2010
See.. the method of payment, monthly or single, is immaterial for the purpose of deciding TDS.
If the software is in a general & ready to use condition, then it will be treated as outright purchase of software... in this case there will be NO TDS.
But, if the software has been customized as per the specific requirements of yours, then it will be treated as software sale-cum-technical services, in this case TDS under section 194J @ 10 % will apply.
If the software is in a general & ready to use condition, then it will be treated as outright purchase of software... in this case there will be NO TDS.
But, if the software has been customized as per the specific requirements of yours, then it will be treated as software sale-cum-technical services, in this case TDS under section 194J @ 10 % will apply.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query Regarding on TDS section 194H and 194J
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
