i am running an education network franchisee. so paying royalty to the company. is i am liable to deduct tds from the royalty paying to the company. my firm is a partnership firm.
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TDS applicable to royalty
Replies (2)
Hye dude,
TDS is applicable on payment of Royalty @ 10% u/s. 194J.
TDS is applicable only if payment in a year exceeds Rs. 20,000/-
( Kind attn. - any Expert, am I right? )
in the case of individual, his income or turnover exceeds 40 lakhs, he is laible to deduct tds. i don't know in the case of partnership firm. please give expert views on this .......
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