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TDS on Licence Fees

This query is : Resolved 

05 March 2010 Hi all,
We are a IT Co and we are purchasing software and the vendor is raising invoice as licence fees. The vendor is a indian co.

This software is purchased either monthly or yearly basis

So whether TDS to be deducted u/s 194C or secftion 194J
Please suggest. Its urgent

Regards

Hitesh Khona

05 March 2010 Dear Hitesh,

TDS on License Fees will be deducted @10% u/s 194J.

05 March 2010 Thanks for the answer

But if the licence fees is purchased every month or yearly, then alos it will be 194J or it will be 194C

Please Reply
Regards
Hitesh

05 March 2010 It will be 194J as the vendor is showing this as licence fees.

05 March 2010 Hey thank a Lot
hitesh

05 March 2010 You'r welcome


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