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TMI BlogTDS on software licenseX X X X Extracts X X X X X X X X Extracts X X X X ..... TDS on software license X X X X Extracts X X X X X X X X Extracts X X X X ..... team Please guide us under which section TDS to be deducted & what rate (under Income Tax Act) Transaction details are:- 1. Buyer(our co.) is corporate entity (Ltd. Co.) registered in India. 2. Pu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rchasing 200 Original License of Micro soft (Only License). 3. Supplier is dealer of Microsoft at Delhi Location. Supplier is Corporate entity (Pvt. Ltd.) registered in India. 4. Supplier is charging ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5% VAT & 10.3% Service Tax in the quotation. Waiting for your valuable guidance. Reply By Anuj Gupta: The Reply: TDS on software is a problematic situation at present. In my view you can be better ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... off by deucting TDS @ 10% under section 194J. There is a recent delhi High Court decision in Dynamic Vertical Software India P.Ltd which has held that "What is found, as a matter of fact, is that the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee has been purchasing the software from Microsoft and sold it further in Indian market" So if you have purchased software and sold it further in the Indian Market then there shall be no liabi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... llity of TDS. So kindly check whether the facts of the case fit in your case.
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