Tds on Subscription Charges allowable or not
This query is : Resolved
13 November 2009
Whether Tds to be deducted on yearly subscription services.
13 November 2009
If it is a magazine, that is a sale of magazine at reduced rates and sent to you by post or courier. You do not have to deduct TDS on that.
If it is a subscribtion for membership of an association, that also does not fall under any of the TDS sections.
If it is a yearly subscription giving you the right to use or be provided a professional or technical service of anyone or any association without paying any further fees for it then you have to deduct u/s 194J.
It all depends on what your subscription is for.
You could have a little problem if for your business use you need to deduct TDS on remittances abroad for these things. For Personal use no TDS is required for Professional or Technical Services and you can pay with your credit card on internet but for business use you have to remit through AD and you need a 15CB and 15CA. then it will absolutely depend on the purpose of subscription. Even if you ask for subscription of a technical magazine and delivered to you by .pdf file there should be no TDS. But if you avail a technical service on a yearly subscription there is a TDS.
If it is a subscribtion for membership of an association, that also does not fall under any of the TDS sections.
If it is a yearly subscription giving you the right to use or be provided a professional or technical service of anyone or any association without paying any further fees for it then you have to deduct u/s 194J.
It all depends on what your subscription is for.
You could have a little problem if for your business use you need to deduct TDS on remittances abroad for these things. For Personal use no TDS is required for Professional or Technical Services and you can pay with your credit card on internet but for business use you have to remit through AD and you need a 15CB and 15CA. then it will absolutely depend on the purpose of subscription. Even if you ask for subscription of a technical magazine and delivered to you by .pdf file there should be no TDS. But if you avail a technical service on a yearly subscription there is a TDS.
Message likes :
4 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Confusion around Form 26QB fields
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
