Patil VC (senior accountant ) (46 Points)
10 April 2012Dear All,
Can any one please clarify below,
As per budget 2011-12 import of software need to be treated as royalty which will attract 20% tax on the purchase.
My query is if we have DTAA & PAN too from purchasing company what will be the TDS rate?
If we only have PAN card of purchasing company what will be the TDS rate?
We import software ONLINE only.
regards,
vaibhav
suman
(Auditor )
(388 Points)
Replied 10 April 2012
Mr. Patil as you know provisions of adt agreement superseeds over genrel provision of IT act 1961. so in your case tds needs to be deducted @ 10% .
Narendra Bandhankar
(Sr. Accounts Executive (Finance))
(28 Points)
Replied 16 April 2012
dear sir,
we pay charges towards "Supply & installation of Call Billing S/W" with one year warranty. they charges only VAT @ 5% & no service tax. My question is, is this attract TDS @ 10% u/s 194J. Pls. guide me. . .
thnx/
Narendra Bandhankar.
Certification Course on GSTR-3B Reconciliation with GSTR-2B through Chat GPT
CAclubindia
