banner_ad

tds

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 September 2009 Hi Friends,



i have a question in relation to the provisions of Income Tax Act 1961. Please give me the solution of the problem.

An educational institute has purchased a computer software from a company registered at England & Wales. Payment is to be made in US $ as per the agreement. At the time of payment of US $ 10,000/- as part payment, whether the TDS is required to be deducted by the institute or not. The amount given above is gross and the institute is not bearing the liability of paying tax liable on this payment.

Whether a Chartered Accountant can issue a certificate authorising the institute to pay the sum without the deduction of tax ?

Please inform me the relevant section or rule of the income tax law.



Thanks in advance.
Profile Image

Nischint Kumar Somani

Profile Image

Nischint Kumar Somani (Expert)
03 September 2009 if u r purchasing a software, in my opinion no liability arises on institute for deducting TDS.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

Delhi

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details