TDS on Subscriptions through Credit Card
This query is : Resolved
Harish Naidu
(Querist)
27 December 2010
We are a IT company and we will be purchasing/subscribing various online licenses through Credit Card. Some are one time payments and some other are recurring periodically. Please let me know whether we need to pay TDS on these transactions and at what rate
CMA Ramesh Krishnan
(Expert)
27 December 2010
My understanding on this query, you are purchasing the software licences. software purchase will not attract TDS
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