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withholding tax on import of software

Others 364 views 3 replies
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
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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