Tds on franchise
This query is : Resolved
05 January 2017
Dear Sir,
We have a franchise of a Commercial Education institute & have to pay franchise fee once in five year , so plz let me the % of TDS and in which IT head it will deposit.
We have a franchise of a Commercial Education institute & have to pay franchise fee once in five year , so plz let me the % of TDS and in which IT head it will deposit.
05 January 2017
you will deduct under section 194C. If, dedcutee is Individual or Huf then will deduct 1%. If, deductee is firm or company or trust then will deduct 2%.
05 January 2017
Sir, Actually i am paying franchisee fee for a new centre not for renewal & our CA is suggesting me for 10% under 194J. So plz suggest ..
05 January 2017
Then you should proceeds with your CA. your CA is Correct & you will deduct under 194J @ 10%.
05 January 2017
Sir, here i am asking correct name of IT section where i can deposit with description. i don't know my CA is correct or not. but if you don't want to revert properly then it's okay sir .
05 January 2017
We are opening commercial coaching training institute..
05 January 2017
Section 194J-TDS on Professional Fee or Technical Services or Royalty or Non-compete fee.
Non compete fee : any sum received or receivable in cash or kind under an agreement for not sharing any know-how, patent, copyright, trademark, license, franchise or commercial rights of similar nature or information or technique likely to assist in the manufacture or processing of goods or provision for services.
for more information u can see the given link https://yourfinancebook.com/section-194j-fees-for-professional/
I hope you are satified.
Non compete fee : any sum received or receivable in cash or kind under an agreement for not sharing any know-how, patent, copyright, trademark, license, franchise or commercial rights of similar nature or information or technique likely to assist in the manufacture or processing of goods or provision for services.
for more information u can see the given link https://yourfinancebook.com/section-194j-fees-for-professional/
I hope you are satified.
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
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Long Term Service award taxability in hands of company
- Free lancer income
- LTCG for Assmt year 26-27
- REGARDING GST LIABILITY/....
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
