Tds
This query is : Resolved
Raunak Shukla
(Querist)
27 November 2015
tds applicability on software purchase? invoice included vat as well as service tax.. and there is no modification in software specifically written on invoice.. hence no tds liablity.. please clarify the same..
Balveer Singh
(Expert)
28 November 2015
Dear Raunak
if we purchase software it will work more than one year so it is our assets so tds will not applicable in that case
further inform you that if software company will give monthly / yearly (case may be) based serive we are paying amount more that specified limit under section 194c or 194j case may be in that case TDS will be applicable
if we purchase software it will work more than one year so it is our assets so tds will not applicable in that case
further inform you that if software company will give monthly / yearly (case may be) based serive we are paying amount more that specified limit under section 194c or 194j case may be in that case TDS will be applicable
ANKIT AGARWAL
(Expert)
28 November 2015
Please get a clarification from the sellers that no part of technical fee is included in the invoice value.
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
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
