TDS in case of domain name purchase
As per the ruling the income received by GoDaddy is chargeable as royalty in India . So whether we have to deduct tds u/s 195
Replies (6)
Yes it is chargeable to tax in india. please also refer DTAA
1. Yes, it will be treated as income in the hands of GoDaddy as per sec 9(1)(vi) of the act.
2. It is an income that is accrued in India and hence it will be taxable in India.
3. TDS u/s 195 @ 10% need to be deducted. However, if DTAA provides for a lower rate of tax then that rate shall be used for deduction of tax.
Please correct me if the above solution has an alternative view.
whether it will be considered as import of services and GST will be payable under RCM
@ Ahanak
This forum is for income tax related queries. Post your query on GST forum for expert's advice on GST issues
This forum is for income tax related queries. Post your query on GST forum for expert's advice on GST issues
Ok so we have to deduct tds u/s 195 @ 10% but how is it possible to deduct tds while making payments online through their payment gateway
Hello,
What if purchase the domain from an Indian Company ? Do we still have to deduct tds and pay gst under rcm?
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