TDS - Renting of Software
This query is : Resolved
24 October 2008
Hi
Can anybody pls clarify what rate of TDS shall be applicable in case of Renting of Software?
Is it:
a) 194I-Not specificaly covered, or
b) 194J-Technical Services, or
c) 194C-Contractor-The last option.
Also, pls provide the reason.
Thanks
Regards
Ashish Ashra
Can anybody pls clarify what rate of TDS shall be applicable in case of Renting of Software?
Is it:
a) 194I-Not specificaly covered, or
b) 194J-Technical Services, or
c) 194C-Contractor-The last option.
Also, pls provide the reason.
Thanks
Regards
Ashish Ashra
Guest
Guest
(Expert)
24 October 2008
Dear ashish the rate of TDS will be 194-C
because 194I covered for rent of machinery, plant equipment or other. The software is not covered under this section.
and 194-J "Fee for technical service" means service provided by a person relating to consultancy, managerial or technical (enginerring, archticate etc.)
so it is not provided by any person as technical service hence will be covered in 194-C
because 194I covered for rent of machinery, plant equipment or other. The software is not covered under this section.
and 194-J "Fee for technical service" means service provided by a person relating to consultancy, managerial or technical (enginerring, archticate etc.)
so it is not provided by any person as technical service hence will be covered in 194-C
24 October 2008
I also say 194C.
25 October 2008
Thanks Mr Gaurav & Mr. Chackrapani.
I have been using this site from last 2 years, This site is really useful in our professional life.
Thanks Mr Gaurav & Mr. Chackrapani.
I have been using this site from last 2 years, This site is really useful in our professional life.
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