hi everyone,
can some one tell me rate of tds on royalty with undersection
4 Replies
M.Sriram Shenoy
(CA Final)
(814 Points)
Replied 05 March 2008
Section 194J - Rate 10%, if amount of royalty exceeds Rs.20,000.00
M.Sriram Shenoy
(CA Final)
(814 Points)
Replied 07 March 2008
You have to deduct TDS on those software development cost which pertains only to manual work i-e man hours worked to make specific requirements against the order as placed by the customer.
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