TDS on Royalty payment.

This query is : Resolved 

17 January 2008

Pl let me know whther TDS has to be deducted when making Royalty payment. If yes at what rate it as to be deducted.

CA. Aryendra (Expert)
17 January 2008

Yes TDS is deductible

TDS on Royalty effective from 13th July, 2006

-Payment of royalty to a resident in case where such payment exceeds Rs.20,000 during the Financial Year. The rate of deduction shall be 10% under Section 194-J of the Act.

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

close x
Get Income Tax App    |    x