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.
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