Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 September 2016 Respected Sir/Madam,
My company have been paying Amount to Phonographic Performance Ltd. (Rs.100000+ Service Tax 14500). My question is whether TDs is to be deducted or not from such payment.

Amol S Joglekar

Amol S Joglekar (Expert)
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23 September 2016 what for the amount is paid? is it rent or for purchases etc? Please specify...

Amol S Joglekar

Amol S Joglekar (Expert)
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23 September 2016 what for the amount is paid? is it rent or for purchases etc? Please specify...

CA Sumiit B Nagpal

CA Sumiit B Nagpal (Expert)
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23 September 2016 As per My opinion the TDS would be deducted only on invoice value @ 2% u/s 194C. Please have a read - CBDT Circular No. 04/2016 dated 29 Feb 2016 wherein CBDT had opined that TDS would not be deducted u/s 194J and broadcasting rights constitute 'work'. However it is advisable to read the circular and if you fall under the persons explained in the circular , you need to deduct the same @ 2% u/s 194C

@ Joglekar Sir- Sir the payment made to PPL is for broadcasting/ music rights..

Amol S Joglekar

Amol S Joglekar (Expert)
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23 September 2016 then it can fall under 194C