vinayak (accountant) (255 Points)
15 December 2016we are private limited company based in mumbai. We have recently purchase upgrade version of Team viewer software @ Rs.45000. I have done payment thourgh credit card. Will any TDS will be applicable on it? I have already made full payment to teamviewer as they have told us to not deduct any TDS on payment. Does I have to bear any TDS expense for this transaction. What will be penalty or consequences if I does not pay TDS on it?
Abhijeet Deshpande
(Co-Founder & Manager @ Tax-Yantra)
(1171 Points)
Replied 15 December 2016
Dear Sir,
Please refer the NOTIFICATION NO. 21/2012 [F.No.142/10/2012-SO(TPL)] S.O. 1323(E), DATED 13-6-2012 which exempts the buyer from TDS.
Thank You!
CAclubindia
