Tds u/s 195 for purchase of software from foreign
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 September 2013
Whether TDS will be deducted u/s 195 when software is purchased from foreign country as thr is no deduction of TDS on purchase of fixed asset. Please Clarify As early as possible....
Thanx....
Thanx....
29 September 2013
FINANCE Bill, 2012, has attempted to draw the curtains on the some of the long drawn controversies surrounding the scope and extent of �Royalty income' in India. Significant proposals in this direction include bringing the payments towards sale of software and payments for transmissions through satellite within the folds of royalty definition under the Income-tax Act, 1961.
Hence TDS should be deduct on software purchased.
Hence TDS should be deduct on software purchased.
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