TDS

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 May 2011 Hi

We purchase software license from X Ltd. Details of the same -

Base Price = Rs.1000
Service Tax on above = Rs.103
VAT (on BP + ST) = Rs.44
Total (invoice value) = Rs.1147

TDS [(1147-44)*10%]= 110

Whether the above procedure followed by client in right?

Why in computing VAT ST included? Why in computing TDS VAT portion alone eliminated? Whether those are requirement of act? If so, help me out in knowing the same.

Thanks and Regards
VS

Saurabh Saxena

Saurabh Saxena (Expert)
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18 May 2011 If this is a repair & maintenance, then it is a type of contract. so, TDS will charged u/s 194C. then TDS will be charges on total amount inclusive of everything.

but if this treated as rent u/s 194I, thern TDS will only be charge on rental amount.

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