Tds for software
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 August 2011
We have purchased a software to ( Mr. X Co.) this year(A.y. 2012-13) which Invoice Value mention below:
Software price 300000.00
Add: Service Tax 30900.00
Add: CST 6000.00
Total 336900.00
Please Explain us that can we deducted TDS against this Invoice. If We deducted TDS then What Section Code will be applicable for this Amount which given above.
Also said that if TDS applicable then TDS Deducted against Which amount for this case (Rs. 300000 or Rs. 336900)
Software price 300000.00
Add: Service Tax 30900.00
Add: CST 6000.00
Total 336900.00
Please Explain us that can we deducted TDS against this Invoice. If We deducted TDS then What Section Code will be applicable for this Amount which given above.
Also said that if TDS applicable then TDS Deducted against Which amount for this case (Rs. 300000 or Rs. 336900)
30 August 2011
depends on the nature of accounting where you are going to put the payment, if its capitalized, then NO TDS
if its to be treated as revenue expenditure then 194J applicable on gross amount paid.
if its to be treated as revenue expenditure then 194J applicable on gross amount paid.
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