Dear Sir,
Please guide me on TDS deduction against purchase or renewal of Busy Accounting Software
Kindly also provide any Income Tax act reference on the same
There is no need for TDS on buying a new software or renewing the licence if it's a standard product available to all.
But expenses for customisation or AMC will be subject to TDS.
Dear Mr.JJJ, If you have any notification for it, Kindly give to us.
Thanks
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
