Dear Sir, I have bought software for my company for INR 50000 plus GST against which i have to pay 9000+GST as annual maintenance. I want to know that if TDS to be deducted or not ?
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If TDS applicable on PURCHASE of a SOFTWARE ?
Replies (1)
As I understand, no TDS is applicable on purchase of software. Further, in case of AMC, no TDS is applicable as the value of the transaction is within the threshold limit.
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