26 October 2012
Our company is into trading of software. One of our supplier has declined to provide declaration that he has deducted TDS on software purchase to avail the benefit of notification no 21 dated 13.6.12 and due to this reason we are suppose to deduct TDS on software purchased from this supplier. We have purchased software during April 2012 and July 2012 and it is exceeding the limit of Rs. 30000, so we are suppose to deduct TDS on all the invoices of software purchased in April and July 2012?
If he provides us the declaration only for invoices pertaining to July 2012 as notification came into effect from 1.7.12, then are we suppose to deduct TDS on software purchased invoices for April 2012 as it exceeded the limit of Rs. 30000?
CAclubindia
