Tds to be deducted

CA.Varalakshmi.M (Manager-Finance) (482 Points)

07 August 2012  

Hi friends,

We have puchased a software licence for Rs.100 and we sold the same software license to another company for Rs.110/-

.A person supported us in purchasing and selling of this software.We pay 10% of (110-100) to him.

Under which section do we need to deduct the TDS to this suporter while making the payment.

Thanx in advance