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TDS on Tally Licence Renewal

Ganesh Kharat (75 Points)

29 December 2018

what will be the section for TDS for Tally License renewal for One Year.

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Rakesh Bandal (Self Employed and Agriculture) (1349 Points)
Replied 29 December 2018

section 194J

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Sumit Sarswat (Student) (3154 Points)
Replied 29 December 2018

As per Section 194J of Income Tax Act of 1961, an individual should deduct TDS at the rate of 10% when the following payments are made to a resident, in a fiscal year (higher than Rs.30,000):

Amount charged as professional services fee or

Amount charged as technical service fee or

Non-compete fee according to the Income Tax Act of Section 28(VA) or

Royalty.

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Vijendra B. Mandle (Accountant) (22 Points)
Replied 21 February 2024

Received a bill from our vendor, for Tally AMC for Rs. 10,000/-,. do I need to deduct TDS on it? Pls advice.

Thanks

Vijendra

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