TDS

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Rohit (Querist)
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20 December 2010 iam working in Spices co. Manager purchase a tally software from tata consultancy ltd. for Rs. 165000.00 monthly payment every time Whther i deducted TDS or not. Please explain the reason

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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20 December 2010 See.. the method of payment, monthly or single, is immaterial for the purpose of deciding TDS.

If the software is in a general & ready to use condition, then it will be treated as outright purchase of software... in this case there will be NO TDS.

But, if the software has been customized as per the specific requirements of yours, then it will be treated as software sale-cum-technical services, in this case TDS under section 194J @ 10 % will apply.

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