Hi friends,
We have puchased a software licence for Rs.100 and we sold the same software license to another company for Rs.110/-
.A person supported us in purchasing and selling of this software.We pay 10% of (110-100) to him.
Under which section do we need to deduct the TDS to this suporter while making the payment.
Thanx in advance
Hi
if he is an agent then its become commission u/s 194H - Relationship of principal and agent.
if its a contract you have to deduct as per sec 194C.
Best Regards.
You have to deduct TDS U/S 194H ( Commission) .
agreee with above
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