TDS on purchase of application Software
This query is : Resolved
15 May 2020
As we are aware that there is an amendment in the Finance Bill 2020 reg rate of TDS u/sec 194J Professional @ 10% and Technical services @ 2%.
Is purchase of software covered under Professional or Technical services?
Technically expert person can develop a software so I think it shall cover under "Technical" services. Please advice.
Is purchase of software covered under Professional or Technical services?
Technically expert person can develop a software so I think it shall cover under "Technical" services. Please advice.
15 May 2020
It will fall under technical service 2% TDS applicable.
23 May 2020
Thanks Seetharaman Sir..!!
Our Internal Auditor says to deduct 10% u/sec 194J. They have quoted case laws of Wipro.
Request you to pls give explanation to your opinion.
How can we define it as Technical service? I think Technically qualified person is able to develop a software, but may I know any other reason pls?
Our Internal Auditor says to deduct 10% u/sec 194J. They have quoted case laws of Wipro.
Request you to pls give explanation to your opinion.
How can we define it as Technical service? I think Technically qualified person is able to develop a software, but may I know any other reason pls?
23 May 2020
I agree with you a technical person not a professional defined under section 44AA can develop a software.
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ASISSE return under the provisions of the Collection of Statistics Act, 2008 (7 of 2009)
- 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
