Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Tds u/s 195 for purchase of software from foreign

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

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....

CA. Sunil Kumar

CA. Sunil Kumar (Expert)
Follow

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.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now