Tds deduction
This query is : Resolved
15 November 2013
I Am a company, I had purchase Software. I got invoice with 5% vat and 12.36% service Tax. Should I deduct TDS or not? If Yes For what amount ? in the invoice, Service Tax and Vat was charges on cost of Purchase. But Notification No :- 21/2012 says that No deduction for the purchase of computer software. Please waiting for your advise
15 November 2013
Only customised software would fall under the purview of sec. 194J.
15 November 2013
if you are getting professional/technical services along with the software cost then you have to do tds otherwise no tds would be necessary..
16 November 2013
purchase of software is not service hence not liable to deduct tax at source.
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