TDS in case of software development charges paid to nonresid
This query is : Resolved
02 July 2011
I found a case during audit of a manufacturing company in which advance of $3,000/- is givin to a Hong Kong based party for software development charges. Is covered u/s 195 of income tax act or not? I mean TDS should be deducted or not? please express your valuable views.
02 July 2011
TDS will deduct under section 195
@20% if PAN is not provided
@ 10% if PAN provided
@20% if PAN is not provided
@ 10% if PAN provided
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