TDS Deduction on Accounting Software Renewal

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Account Officer
653 Points Joined June 2013
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
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On 08 May 2022 at 11:11 Report
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CFO- at NHTF
58280 Points Joined August 2012
Renewal or purchase of software purchase license is covered under section 194J
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On 08 May 2022 at 11:21
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28118 Points Joined May 2017
Purchase of software not under sec 194J.
I STRONGLY OBJECT. PROFESSIONAL ADVICE GIVEN TO PURCHASE SOFTWARE IS COVERED UNDER SEC 194J
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On 08 May 2022 at 15:44
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CFO- at NHTF
58280 Points Joined August 2012
@ Vipul Acharya

It will come under software license .

Technical Services : 194J.

You may confirm with your vendor
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On 08 May 2022 at 15:47
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Account manager
533 Points Joined May 2008
Technical Services 194J -2%
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On 12 May 2022 at 23:12
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CFO- at NHTF
58280 Points Joined August 2012
Software license comes under section 194J purposes.

So contact service provider once
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On 12 May 2022 at 23:16
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Need help
695 Points Joined November 2021

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.

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On 13 May 2022 at 07:57
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Senior Accountant
184 Points Joined August 2015

Dear Mr.JJJ, If you have any notification for it, Kindly give to us.

Thanks

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On 09 February 2024 at 12:25


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