Tds on franchise fee
This query is : Resolved
19 June 2014
plz let me know rate of TDS on franchise fee .will tds be deducted on cost of study material also?
C.A.Meenakshi Gupta
19 June 2014
TDS to be deducted u/s 194J @10%.
TDS should not be deducted on cost of study material.
TDS should not be deducted on cost of study material.
20 June 2014
you have to contract with the principal company you are collection the fee and give to principal . you have to deduct the tds @2% u/s 194C due to they are not charge the fee for technical consultancy.
20 June 2014
Rupesh Ji franchise fees are in the nature of royalty and therefore should attract provision of Section 194J,
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