TDS on Purchase of Right to use
This query is : Resolved
AZAD BHALLA
(Querist)
16 September 2009
Dear Sir,
One of my client is an educational instutitional and they are paying annual licence fee for a particular educational software i.e. purchasing right to use for the software every year and the vendor is also issuing sale invoice for right to use e.f. Right to use 20000 + CST 10% 2000 = 22000.
Please advise whether tds to be deducted or not. If deductible than under which section and what rate?
Regards,
Azad Bhalla
One of my client is an educational instutitional and they are paying annual licence fee for a particular educational software i.e. purchasing right to use for the software every year and the vendor is also issuing sale invoice for right to use e.f. Right to use 20000 + CST 10% 2000 = 22000.
Please advise whether tds to be deducted or not. If deductible than under which section and what rate?
Regards,
Azad Bhalla
17 September 2009
I think its nothing but royalty. So TDS would be attracted on it.
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