15cb&15ca
This query is : Open
21 June 2014
Sir,
I have to make a payment of 3lacs to a foreign supplier for software, who has PAN number in India. If the bill value is 3 lacs what TDS% I have to deduct and under what section.
I have to make a payment of 3lacs to a foreign supplier for software, who has PAN number in India. If the bill value is 3 lacs what TDS% I have to deduct and under what section.
21 June 2014
Do NOT REUQIRED DUE TO YOU ARE BUY THE MATERIAL.
21 June 2014
No. Since whenever we import software which is usually downloaded from the vendor's website, we have to make the payment deducting TDS. Earlier too, bankers have insisted on 15CB before making the payment. Furthermore, since we do not pay any customs duty on this downloaded software, Govt' s revenue will be in question. Therefore we have to deduct TDS. My question now is since the vendor has local PAN number, what would be TDS% on the total bill value. & under what section.
Kindly advice if contrary to my view.
Kindly advice if contrary to my view.
27 June 2014
Can anyone guide me on my query please???
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- CCFS 2026 Schemed
- Internship/Academic shown in Salary Pay Slip of a Doctor
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
