Dear Experts,
Is TDS applicable on purchase of Software licence from an Indian co?
If yes, then what rate of TDS is applacable?
Thanks in advance.
YASHVINDER SINGH KAUSHAL (Executive) (29 Points)
17 November 2022Dear Experts,
Is TDS applicable on purchase of Software licence from an Indian co?
If yes, then what rate of TDS is applacable?
Thanks in advance.
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 17 November 2022
U/s 194J @ 10% as this would amount to fees for technical services.
Regards,
Manoj
Eswar Reddy S
(CFO- at NHTF)
(58263 Points)
Replied 18 November 2022
CA Raj Doshi
(Practising CA)
(8908 Points)
Replied 19 November 2022
Eswar Reddy S
(CFO- at NHTF)
(58263 Points)
Replied 19 November 2022
CA Raj Doshi
(Practising CA)
(8908 Points)
Replied 19 November 2022
Generally, the transaction is applicable for TDS. However as per above notification, you can skip tds deduction if satisfying the conditions.
Also, the notification covers purchase both cases - purchase from Indian Co. ( 194J ) and from abroad ( 195 )
So my reply was replicating the notification in all respects.
Nayan Medic
(Professional + Student)
(323 Points)
Replied 03 June 2023
I think here TDS is not applicable.
CMA Sagar Das
(Working in Manufacturing Comapny)
(149 Points)
Replied 02 February 2024
What about subsequent renewal of software - TDS is applicable or not?
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