Under which section is TDS deducted and rate applicable in case of TV actors?
Replies (6)
Quick Summary
This discussion clarifies the applicable section for Tax Deducted at Source (TDS) on payments to TV actors. Participants debate whether Section 194C or 194J is more appropriate. The consensus leans towards Section 194J, treating actors' services as professional services, with a TDS rate of 10%, especially when a formal contract agreement is absent or the nature of service falls under professional engagement.
If there is contract agreement between actors and channel then, it is deducted under section 194c otherwise it is treated as a professional services and tds deducted under section 194j
Every transaction is contract. salary is also contract. it depends on nature of services. in my opinion actors come under professional services and hence 194 J should be applicable.