Entity has Purchased MS Office of around Rs. 150000/- from a shopkeeper.
Whether TDS would be deducted as a royalty??
Entity has Purchased MS Office of around Rs. 150000/- from a shopkeeper.
Whether TDS would be deducted as a royalty??
No. If its readymade software purchased over floppy or disk.
Okay...
If its Tailor made/Customised then TDS is attracted and if Readymade than No TDS.
Thanks
Yes, readymade software are treated as goods. No TDS.
Agree with experts.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
