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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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
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