TDS on software
This query is : Open
21 January 2021
SIR
We buy an accounting software on the basis of yearly renewal. It costs Rs.75000/- p.a.
We need to deduct TDS on the payment ?
Plz guide me sir
We buy an accounting software on the basis of yearly renewal. It costs Rs.75000/- p.a.
We need to deduct TDS on the payment ?
Plz guide me sir
21 January 2021
Yes, you have to deduct TDS u/s 194C as single payment is more than Rs.30000/-
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