TDS

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 February 2011 We are purchased Software License from Indian Co from and the Vender raised the invoice in USD.

what amount of TDS is applicable

Guest

Guest (Expert)

08 February 2011 In my opinion, no TDS will be required.

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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08 February 2011 TDS is required to be deducted on revenue item. The above items are Intangible asset. But there may be technical service, then TDS is required to be deducted @ 10 %

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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09 February 2011 yes. TDS need to deduct u/s.194J

Guest

Guest (Expert)

09 February 2011 In my opinion, payment for purchase of Software License does not tantamount to payment of fees for technical services within the meaning u/s 194J