The asseesse is a company,
It purchased one time software rs 500000
And its installation and supporting cost is rs 100000, can we deduct TDS or not?
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Is it deductible to TDS
Replies (19)
well as far as i knows.. software purchased is intangible asset and its installation cost is incidential expense which should be added to the cost of software and because it is intangible asset not an expenditure so liability to deduct TDS not arises..
plz rectify if i m wrong
plz rectify if i m wrong
No TDS liability arises in this case....
This is not included in any of listing defined by tds provisions hence no tax to be deducted
@ Mahendra Sahoo.,
What is the bill values...?
Including tax and Excluding Tax....?
No more questions about Software cost...
But, The Installation charges is considered about TDS.
What is the bill values...?
Including tax and Excluding Tax....?
No more questions about Software cost...
But, The Installation charges is considered about TDS.
Software cost 500000 installation cost and supporting exp 100000 = 600000 gst on full value
Installation cost is liable to TDS u/s 194J
bt rashmi mam.. purchasing software is intangible asset.. and any incidential expenses should be added to the cost of asset.. then there is no question of TDS liability.. plz clarify if i m wrong
TDS will be applicable for the Installation Charges...
Installation charges are in nature of professional fee & hence you have to deduct TDS on it.
First of check out the details in Query...
In case any doubt in the Query then get the details from Querist...
After get clarity then Go to Give reply based Your knowledge with just touch with Rules and Laws...
Otherwise no need to give without understanding the Query...
It's not good for mismatching or Closing of Eyes... 😇😇😇😇😇
In case any doubt in the Query then get the details from Querist...
After get clarity then Go to Give reply based Your knowledge with just touch with Rules and Laws...
Otherwise no need to give without understanding the Query...
It's not good for mismatching or Closing of Eyes... 😇😇😇😇😇
ohk... yes mam u r right..
TDS should be deducted on professional charges u/s194 j then these charges should be capitalized with the cost of asset
TDS should be deducted on professional charges u/s194 j then these charges should be capitalized with the cost of asset
First of check out the details in Query...
In case any doubt in the Query then get the details from Querist...
After get clarity then Go to Give reply based Your knowledge with just touch with Rules and Laws...
Otherwise no need to give without understanding the Query...
It's not good for mismatching or Closing of Eyes...
😇😇😇😇😇
In case any doubt in the Query then get the details from Querist...
After get clarity then Go to Give reply based Your knowledge with just touch with Rules and Laws...
Otherwise no need to give without understanding the Query...
It's not good for mismatching or Closing of Eyes...
😇😇😇😇😇
here installation charges we will capitalizeing or revenue exp. what accounting treatment will be do? What TDS will be deducted
As per my view.,
You can book it as Expenditure head...
TDS will be deductible u/s 194J as Technical Services...
You can book it as Expenditure head...
TDS will be deductible u/s 194J as Technical Services...
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