TDS on Tally Licence Renewal

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what will be the section for TDS for Tally License renewal for One Year.
Replies (3)

section 194J

As per Section 194J of Income Tax Act of 1961, an individual should deduct TDS at the rate of 10% when the following payments are made to a resident, in a fiscal year (higher than Rs.30,000):

Amount charged as professional services fee or

Amount charged as technical service fee or

Non-compete fee according to the Income Tax Act of Section 28(VA) or

Royalty.

Received a bill from our vendor, for Tally AMC for Rs. 10,000/-,.  do I need to deduct TDS on it?  Pls advice.

Thanks

Vijendra


CCI Pro

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