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???
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