Tds applicability ♦ very urgent
This query is : Resolved
12 May 2014
Dear Sir
We purchased Customized ERP Software
Licence Fees Rs.100000
AMC Charges Rs. 78000
Implementation Charges Rs. 89000
Whether we are liable to deduct TAX at source
if yes
then
1. under which section?
2. rate ?
3. Amount on whiCH TDS to be made ?
very Urgent
We purchased Customized ERP Software
Licence Fees Rs.100000
AMC Charges Rs. 78000
Implementation Charges Rs. 89000
Whether we are liable to deduct TAX at source
if yes
then
1. under which section?
2. rate ?
3. Amount on whiCH TDS to be made ?
very Urgent
12 May 2014
TDS to be deducted on total amount u/s 194J @10%.
12 May 2014
There will be no Requirement of deduction of TDS on Licence fees and implementation Charges.
You required to deduct TDS only AMC charges under section 194 J.
Please see the notification :
https://www.itatonline.org/info/wp-content/files/cbdt_notification_software_purchase_TDS.pdf
You required to deduct TDS only AMC charges under section 194 J.
Please see the notification :
https://www.itatonline.org/info/wp-content/files/cbdt_notification_software_purchase_TDS.pdf
13 May 2014
Dear Umesh,
Please note that the said circular only applies to softwares transferred without modification. the querist has already stated that it is a customized software. Hence, the document being referred by you wont be relevant in this case.
Please note that the said circular only applies to softwares transferred without modification. the querist has already stated that it is a customized software. Hence, the document being referred by you wont be relevant in this case.
13 May 2014
So MR. Nikhil What do u think?
We should deduct the TDS or not?
We should deduct the TDS or not?
13 May 2014
I think if we Purchase software directly from Developer then required to Deduct TDS otherwise not, subject to declaration given by Such Dealer, As per notification
18 May 2014
In customized softwares there is always some modification. So in the given case TDS should be deducted u/s 194J.
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