Tds on license fees

Ghanshyam Gangji (Article Assistant) (52 Points)

09 July 2014  

Dear All,

I m working in a copany which is engaged in Dealing Fruits & Vegetables(FnV)

Ths company is using a software designed for the purpose of Billing & Tracking sales bills raised by our Salesmen on customers.

This way it is a retail billing of FnV as we provide FnVs to customers door step & raise a digital bill then and there.

Such a software developed is being billed monthly as License Fee charging service tax.

I would like to know whether TDS is applicable on such payment?

If yes, then which section & what is the limit for TDS?

 

Best Regards,

Ghanshyam