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
Menu
TDS Deduction on Accounting Software Renewal
Replies (7)
Quick Summary
Renewal or purchase of software purchase license is covered under section 194J
Purchase of software not under sec 194J.
I STRONGLY OBJECT. PROFESSIONAL ADVICE GIVEN TO PURCHASE SOFTWARE IS COVERED UNDER SEC 194J
I STRONGLY OBJECT. PROFESSIONAL ADVICE GIVEN TO PURCHASE SOFTWARE IS COVERED UNDER SEC 194J
@ Vipul Acharya
It will come under software license .
Technical Services : 194J.
You may confirm with your vendor
It will come under software license .
Technical Services : 194J.
You may confirm with your vendor
Technical Services 194J -2%
Software license comes under section 194J purposes.
So contact service provider once
So contact service provider once
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
Recent Topic
- Professional Crossed 20 Laks in Dec 26 Failed to T
- F&O in ITR
- CA Final Self pace Module
- Query Regarding House Ownership Transfer Reflected
- Money transction within Family
- ITR-2 salary breakup updation
- Application for ₹2 Crore Term Loan under Cre
- ITR-2 Schedule CG: Indexation cost ignored for lan
- INCOME TAX NOTICE 143(2) - FY 2024-2025
- Unable pay Self Assessment Tax - Netbanking and De
Related Topics
CAclubindia
