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Applicability of TDS for corporations

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12 June 2010 Licence fee is paid by a private limited company to Metropoliton Transport corporation ltd. Is TDS applicable for such payment to corporation? If Yes under which section & Rate of Deduction?

Shyam Lal Naik

Shyam Lal Naik (Expert)
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12 June 2010 Licence Fee does not fall under the TDS matrix.

Whether the payment is made to a corporation or any other person does not make any difference.

Ram Avtar Singh

Ram Avtar Singh (Expert)
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12 June 2010 agree with expert

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