Tds on purchase of software

Save Share

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

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

04 August 2014 on purchase there is no tds applicable..............

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)

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.

Prashant K

Prashant K (Querist)

04 August 2014 Thank You Mr Sanjay for Detail Information and Same to Mr Tushan thanku

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

04 August 2014 you are welcome prashant.......................

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now