Hi,
I sold a "website" for 5,00,00 INR a few days ago. Does the buyer have to pay TDS on this transacation?
Note: I do not regularly buy or sell websites, so this is not a business income.
If TDS is to be deducted, would it be dedcuted from the Sale amount (4,10,000 INR) or would be paid seprately by the buyer?
Thanks
Bump
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Anyone?
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It should be included in your income, who was the buyer
| Originally posted by : webconcepts | ||
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It should be included in your income, who was the buyer |  |
Buyer was an Indian. So TDS will be deducted at 10% rate?
Under which section sir?
Under what section are you deducting TDS , were databases, files also sold
I classified the sale as an asset sale and paid short term Capital gain tax last year. Yes, database and files were also sold. I am not sure if TDS would ve deducted. Please let me know.
CAclubindia
