Intellect property rights


This query is : Open 

16 October 2008 My Co. is a private ltd. company. We are management consultants and conduct online test for students. Now we have done agreement with other proprietor firm to purchase online test product (psychometric test) with support services for promote to our business. Now we want to pay rs. 75,000/- as per agreement. It will be attract any type of tax liability/TDS.

regards,
lalit

Taxguy (Expert)
16 October 2008 Think it is a sub contract kind of thing and therefore 194C.

22 October 2008 yes it attracts tds under 194c


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