Tds on software purchased online-u/s 195

This query is : Resolved 

09 August 2013 Hi All,

My Company purchased a software from outside India through online and paid using credit card.

Foreign company is neither a resident of India nor do they have any PE in India.

The software is going to be used in India for Indian entity only

Whether i need to deduct any TDS u/s 195.



Regards,
Arun.k



09 August 2013 No tds u/s 195 is applicable as you are purchasing the software.



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