Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Software purchase

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

21 June 2016 SIR, I BOUGHT CC AVENUE SETUP PURCAHSE FOR BUSINESS PAYMENT FACILITY FOR CUSTOMER WORTH R. 32000/-. I WANT TO KNOW IN WHICH HEAD I PASS THIS ENTRY ASSETS OR BUSINESS PROMO. EXP. . & ALSO MAKES TDS LIABILITY FOR THE SAME OR NOT.

Rupesh Jain

Rupesh Jain (Expert)
Follow

21 June 2016 its software then you can claim dep. under income tax act.

software for payment a/c(under capiltalization)
to vendor a/c

Querist : Anonymous

Querist : Anonymous (Querist)

21 June 2016 OK. SIR THANKS. WHAT ABOUT TDS LIABILITY FOR THE SAME ?

Rupesh Jain

Rupesh Jain (Expert)
Follow

21 June 2016 on software if it is not made any change by the seller to you then its not tds applicable
pls see
www.incometaxindia.gov.in/Communications/Notification/920110000000000195.htm

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now