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?
Menu
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
Recent Topics :
- Query on FLAIR return
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
Related Topics :
CAclubindia
