Applicablity of tds

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vipin pitaliya (Querist)
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17 August 2012 OUR CLIENT HAS ENTERED INTO AN AGREEMENT WITH FUTURE GROUP(FVRL) FOR SALE OF PRODUCTS FROM ITS(FUTURE GROUP) SHOPS IN THE MALL. NOW AS PER THE AGREEMENT CLIENT WOULD PAY 58 LAC FOR THE WHOLE AGREEMENT
NOW MY QUERY IS WHETHER PAYMENT MADE COMES WITH IN THE PURVIEW OF SEC 194 J,AS THE CLIENT IS USING THE BRAND NAME 2 SELL ITS PRODUCT,
WHETHER IT SHOULD BE TREATED AS RENT AND TDS WILL BE DEDUCTED UNDER 194I,

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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17 August 2012 your query is not clear. sale of product means what is exact nature of contract?

194I will apply on the rent & hire charges only.so 194I not apply on your contract

vipin pitaliya

vipin pitaliya (Querist)
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18 August 2012 actually the product is printer and it will be sold from future group's shop so indirectly he is using the brand name of future group to sell his product so it is like a royalty & on that tds will be deducted under section 194j

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