Nitin Jain (Chartered Accountant) (20 Points)
27 August 2011
Hi,
I have 2 questions
Thanks in advance to the forum for the support
Nitin Jain
Siddarth R Sunder Ram
(Finance Professional)
(230 Points)
Replied 27 August 2011
Not sure what this "one time integration or setup fee" actually is. Anyway, it sounds like fees for technical services and accordingly, tax might be deductible on such fee under Section 194J of the Income Tax Act, 1961. Just check for the nature of the fee though.
Ranganath Sharma
(Accountant)
(30 Points)
Replied 24 August 2012
Integration means you are enabled to receive some services, it means you are purchasing and as you know TDS doesnt exist in purchases/sales
CAclubindia
