Tds on purchase of software
This query is : Resolved
Prashant K
(Querist)
04 August 2014
Experts,
We have purchase a Payroll Package for rs 34,035/- followig is the Breakup
License : 29,000
Service Tax : 3,585
VAT 5% : 1,450
Total : 34,035/-
Kindly suggest should i deduct TDS @ 194 J or TDS @ 194C for this purchase.
Thanks
We have purchase a Payroll Package for rs 34,035/- followig is the Breakup
License : 29,000
Service Tax : 3,585
VAT 5% : 1,450
Total : 34,035/-
Kindly suggest should i deduct TDS @ 194 J or TDS @ 194C for this purchase.
Thanks
04 August 2014
on purchase there is no tds applicable..............
04 August 2014
On payment of Rs 29000/- for licence fees Section 194J attracted. But TDS not required to be deducted since Threshold limit of Rs 30000/-p.a. is not crossed. In case threshold limit is crossed TDS should be deducted @10 %.
Tds apllicable on amount excluding service tax.
Tds apllicable on amount excluding service tax.
Prashant K
(Querist)
04 August 2014
Thank You Mr Sanjay for Detail Information and Same to Mr Tushan thanku
04 August 2014
you are welcome prashant.......................
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