Applicablity of tds
This query is : Open
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,
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,
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
194I will apply on the rent & hire charges only.so 194I not apply on your contract
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- STCG FOR GOLD ETFs
- Last year TDS Claim
- E way bill for tractors
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
