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Applicability of TDS, Income Tax |
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Applicability of TDS |
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We have received one Invoice wherein description on bill mentioned as:- ERP Software Solution (Total Cost with Implementing & Training Warantee for one year) amounting to Rs. 8.25 Lakhs. Vendor has charged VAT & 5% on Invoice amount. Pls. let us know whether we should deduct TDS or not on this invoice. Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
It it is a sale of goods, there can not be question of TDS. Yes, if it is a professior or technical services, you need to deduct TDS. Please see the terms and contents of the agreement if any or particulars of transactions.
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