A residential Firm purchase software from outside India for resale purpose in online form liable for TDS or not ?
And if liable for TDS under which section TDS will be Deducted?
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LIABLE FOR TDS OR NOT?
Replies (1)
Yes TDS is deductible in your case. As per the provisions, if a resident imports software from outside India/get license to use software in India, then the payment received by foreigner shall be treated as Royalty.
And hence TDS u/s 195 @ 10% is on the same.
Hope this shall help.
Thank you.
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