TDS on payment towards purchase of computer software
This query is : Resolved
Guest
Guest
(Querist)
15 December 2008
As you may be aware that under Section 194 J of the Income tax Act which was amended to include Royalty with effect from 13.07.2006 by the Taxation Laws (Amendment) Act 2006, we have been advised that Computer Software is covered by the definition of Royalty as per the Income tax Act. As such, we have been advised to deduct TDS on purchases of software made from 01.04.2008.
TDS @ 11.33% will be deducted as per law for the purchases of software made from you from 01.04.2008 to 31.10.2008. We shall deduct the TDS as applicable for which your account will be debited and tds certificate will be provided to you for the same.
Pls validate immdtly
TDS @ 11.33% will be deducted as per law for the purchases of software made from you from 01.04.2008 to 31.10.2008. We shall deduct the TDS as applicable for which your account will be debited and tds certificate will be provided to you for the same.
Pls validate immdtly
15 December 2008
There will be two situations: First the software that is made by you (means programmed as per your requirements and as per your directions) and second is standard softwares
TDS is applicable only in the first case and not in the second case.
TDS is applicable only in the first case and not in the second case.
15 December 2008
there is no need to deduct tax at source if there is purchase of copyrighted software and not the copyright.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
