TDS on software downloading
This query is : Resolved
05 March 2010
hi
I have eletronically downloaded a software from a software company for official use for one year period.
Now under which section of Income Tax should i book the TDS????
I have eletronically downloaded a software from a software company for official use for one year period.
Now under which section of Income Tax should i book the TDS????
05 March 2010
194J
05 March 2010
but i have an agreement with the company for one year so cant this be treated as a lease and deduct TDS u/s 194I????
05 March 2010
Yes. It can be but you will have to book exp. as Lease Rent on SW.
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