Is IT-TDS applicable for payments made to supplier of e-books/journals. If applicable, under which section of IT Act?
Can e-books/journals treated the same as books/journals in physical form?
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IT -TDS on payment for Purchase of E-books/journals
Replies (2)
Quick Summary
NO TDS APPLICABLE ON ONLINE PURCHASE OF E-JOURNAL, SINCE THIS IS A SALE AND PURCHASE TYPE TRANSACTION. TDS PROVISION WILL NOT APPLY ON THE SAME.
How much is the value ?
Need to check 194Q .
If it small amount then no tds is applicable .
If it is bulk & huge then 194Q has to be reviewed
Need to check 194Q .
If it small amount then no tds is applicable .
If it is bulk & huge then 194Q has to be reviewed
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