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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Value of property in capital gain
- Copyright software
- Multiple trade mark
- Transporter Declaration form
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- LC charges in relation to Asset purchased should be Capitalised ?
- Regarding TDS Applicability For Director Remuneration
- Filing of MSME 1 form by companies
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- 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
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
