Section 195 TDS deduction on software license purchased from foreign comp online through credit card

Rajiv Kaparthy (IPCC student) (41 Points)

14 August 2023  

I havent been able to find any answer through online research. So, I am posting here. Thanks in advance to all of you here and I am in need of your expertise!

As the title says, am I, as a Pvt Ltd Company required to deduct/gross up TDS on, for example, certain software license purchase through a foreign company's website (Billed in USD) which I pay through my Indian corporate Credit Card? If yes, how do I do it? If there is any caveat, please let me know!