Ipr
This query is : Resolved
Anita Kulkarni
(Querist)
15 February 2016
whether royalty received for allowing the recording of song for further distribution by the composer is taxable or not??
Suresh Ramaswamy
(Expert)
18 February 2016
“Intellectual Property Service” means, —
(a) transferring, temporarily; or
(b) permitting the use or enjoyment of,any intellectual property right;’;
[Section 65(55b) of Finance Act, 1994 as amended]
Receiving royalty for distribution of song by composer / lyricist is Intellectual Property Right Services and hence it is a taxable service.
(a) transferring, temporarily; or
(b) permitting the use or enjoyment of,any intellectual property right;’;
[Section 65(55b) of Finance Act, 1994 as amended]
Receiving royalty for distribution of song by composer / lyricist is Intellectual Property Right Services and hence it is a taxable service.
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