A Pvt Ltd Co. has entered into a contract with another Pvt Ltd Co. for the Development of a software Please Suggest wheather TDS to be deducted will be that of Professionals or that of contractors
Menu
tds
Replies (2)
Dear Manish
As you told that service is " DEVELOPMENT OF SOFTWARE " , i don't think it is covered under professional OR technical services u/s 194 J , it should be covered u/s 194C as there is contract for development of software in which they have to develop a new machine whcih is to be capitalised after it is ready to use...........
May be some other have different opinion ........................
TDS Contractor u/s 194C is enough for this case.
Recent Threads
- How to fill in csv file for Schedule 112A
- Gst 2a and Gst 3b difference
- What happens if a taxpayer forgets to file ITR but
- ITR 2 / Schedule FA / Income tax
- Best CA Office Management Software Tools for 2025
- GST ON ROYALTY APPLICABLE
- Income tax Regarding Rural Agriculture land
- Need Help & Clarification in ITR filing : ITR
- HOW TO ADD BANK ACCOUNT FOR A NON RESIDENT
- Gift to son for purchasing Commercial space
Related Threads
CAclubindia
