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Tds on license fees

TDS 4022 views 1 replies

Dear All,

I m working in a copany which is engaged in Dealing Fruits & Vegetables(FnV)

Ths company is using a software designed for the purpose of Billing & Tracking sales bills raised by our Salesmen on customers.

This way it is a retail billing of FnV as we provide FnVs to customers door step & raise a digital bill then and there.

Such a software developed is being billed monthly as License Fee charging service tax.

I would like to know whether TDS is applicable on such payment?

If yes, then which section & what is the limit for TDS?

 

Best Regards,

Ghanshyam

Replies (1)

yes, it is eligible for tds under section 194J. tds to be deducted u/s 194J if agregate of payments is more than 30000 in a year.


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