Hi All
We are using a database from a company which has various research papers and commercial knowledge. Please let me know if we need to deduct TDS for this payment. We are both Indian Companies and in case of Wipro v/s Income Tax Department it was held that this sort of payment shall not be treated as ROYALTY.
Payment - Monthly
Kindly advise.
According to me the Transaction will be covered u/s 194J & TDS will have to be decuted if the payment amount exceeds the limit.
Hi Sandeep
What is the nature on this payment?
Technical Services
May I know on what grounds we can clarify this as technical service? We are not getting any technical know how any any technology? It is like we are using wikipedia and paying for that.
CAclubindia
