TDS category for payment of Royalty

Hi


can anyone please tell me TDS category for payment of royalty.

 

Regards

Vinayak

Replies (6)

194J. (1) Any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any sum by way of—

             (a)   fees for professional services, or

             (b)   fees for technical services, [or]

             (c) royalty, or

             (d) any sum referred to in clause (va) of section 28,]

shall, at the time of credit of such sum to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct an amount equal to [ten] per cent of such sum as income-tax on income comprised therein :

It comes u/s 194-J 

Originally posted by : Aditya Maheshwari

194J. (1) Any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any sum by way of—

             (a)   fees for professional services, or

             (b)   fees for technical services, [or]

             (c) royalty, or

             (d) any sum referred to in clause (va) of section 28,]

shall, at the time of credit of such sum to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct an amount equal to [ten] per cent of such sum as income-tax on income comprised therein :

Which category of tds is applicable for any tupe of testing (i.e. Water, Chemical)

Originally posted by : Harjeet Singh

Which category of tds is applicable for any tupe of testing (i.e. Water, Chemical)

Its comes under 194 J (1) (b)

under techincal

194J refer section 194 J it is under the nature of profession

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