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Tds on software purchase from non resident

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 June 2012 We wish to purchase a software from a Hongkong company for which we have to make payment in foreign currency. The software is not specifically designed for us. Whether we have to deduct tds u/s 195? If so at what percentage?
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
12 June 2012 as you are purchasing software and sec 195 didn't say clearly on this. So I believe you should not deduct TDS.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
24 July 2023 "Sorry, I am not a featured member."

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