tax deducted at source
This query is : Resolved
04 November 2008
Is TDS deductible on consideration for purchase of software? License on the said software and subscription charges for the same.
Sanjay
Sanjay
04 November 2008
If it is a tailormade then deduct tax at source u/s 194J otherwise not.
04 November 2008
Is your view supported by any case law. I thought this will squarely fall under the definition of Royalty and hence taxable under 194J.
CMA Jitendra Singh
(Expert)
04 November 2008
Dear Sanjay,If you have given specified work contract for this purpose and software developed according to your work order than 194 J applicable.
In case you purchased form shop or abny site means readymade ,no TDS required .
In case you purchased form shop or abny site means readymade ,no TDS required .
S.Srinivasaraghavan
(Expert)
04 November 2008
Yes Mr.Jitendra Singh is correct.
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