Sir
A company is importing special purpose software from england, to be used in his manufacturing process.
Pls confirm applicability of withholding tax
Bank needs 15 CA CB
Thx
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withholding tax on import of software
Replies (3)
IN CASE OF THE SOFTWARE IS MADE/ PRODUCED AT THE SPECIFIC REQUEST OF THE IMPORTER IT AMOUNTS TO PROVISION OF SERVICE AND TDS IS TO BE DEDUCTED. IF THE SOFTWARE IS AVAILABLE IN MARKET AND CAN BE BOUGHT BY ANYONE WITHOUT MUCH CHANGES IT WILL NOT ATTRACT ANY TDS AND 15CA 15CB IS ALSO NOT APPLICABLE
Thanks Bichhawat Ji
Can you please mention the section specifying your explanation?
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