Applicatibilty of tds on franchises payments
This query is : Resolved
26 September 2012
Hi friends..., Making contract for Franchises(one time Payment) .. payment have to made after deducting TS?
If TDS is appplicable on u/s 194j
(or)
Alternative : shall we treated Franchises(one time Payment) as a intangible assets ?
If we treated as Franchises as intangible Assets - TDS oblication is applicable?
If TDS is appplicable on u/s 194j
(or)
Alternative : shall we treated Franchises(one time Payment) as a intangible assets ?
If we treated as Franchises as intangible Assets - TDS oblication is applicable?
27 September 2012
Dear Kathiravan
TDS Applicability determined by the nature of payment and not how we are treated it in our books of Accounts. So if the nature of payment subject to tds then you have to deduct it.
TDS Applicability determined by the nature of payment and not how we are treated it in our books of Accounts. So if the nature of payment subject to tds then you have to deduct it.
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Average Cost Of High Quality Diamonds
- Regarding ITR filing with more value than showing in AIS/TIS
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
