Tds to be deducted on software purchase for own use
This query is : Open
Mugdha Kumbhar
(Querist)
22 March 2018
Shall TDS be deducted on software purchase for own use of a company
Nikhil Kaushik
(Expert)
22 March 2018
should be. refer this article as there are many permutation and combination in this case https://taxguru.in/income-tax/treatment-amount-paid-purchase-software-income-tax-act-1961.html
22 March 2018
If You are purchased only Software then no need to deduct TDS...
In case You can get any Installation and service charges then You can deduct TDS if the limit is exceeding the tds limits....
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