Tds in applicable of purchase of software

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 June 2012 DEAR ALL,

PLEASE GUIDE ME WEATHER TDS IS APPLICABLE ON PURCHASE OF SOFTWARE,
HOWEVER VENDOR CHARGING SERVICE TAX @12.36% AND CST @5% ON THE BASIC AMOUNT I:E
BASIC AMOUNT 62650.00
ADD S.TAX @12.36% 7768.25
ADD: CST @ 5% 3142.50

TOTAL BILL AMOUNT 73761.00

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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11 June 2012 In the per view of Explanation 4 to Section 9(1)(vi) inserted by the Finance Act 2012, with retrospective effect treats such payments as Royalty Payments on which TDS U/s 194J will be required to be deducted on total Bill Amount of 73761.

Querist : Anonymous

Querist : Anonymous (Querist)

12 June 2012 Thank you Sir..........

Querist : Anonymous

Querist : Anonymous (Querist)

02 July 2012 Please guide that above mention rule is not apply after 31.07.2012????
and TDS is not applicable of purchase of software after 31.07.2012????

as my Sir Told me....

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