Tds on software purchased?


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12 September 2013 Is TDS should be deducted on Software purchased?

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Querist : Anonymous

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12 September 2013 Is medical allowance taxable or not?

12 September 2013 when purchase of readymade software, then no tds will apply. otherwise TDS u/s.194J will apply


Fixed medical allowance is fully taxable

12 September 2013 If it is purchased from a vendor who has made it specifically per the request of purchaser, then it is a service and hence service tax is applicable.

Otherwise No TDS,

TDS will also be deducted u/sec 194J since it falls in prof/ technical service clause. It is to be noted that from July 2012 onwards, TDS is not applicable on Software Re-sale which you can study in detail with following

link https://www.taxmann.com/breakingnews.aspx?sid=11045&t=1&c=1


12 September 2013 Agree with Expert,

Medical Allowance is Fully Taxable,
However, Medical reimbursement is exempted up to 15000...

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Querist : Anonymous

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13 September 2013 Thanks a lot Sir(s).....


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