dear All,
Can i plz know whether TDS has to be Deducted on one time payment of license fee paid to non resident for acquring technology. if it has to be deducted at wat rate it has to be deducted????
Thanks,
Regards,
Vamshi.
Menu
TDS on License Fee ???
Replies (4)
Dear Vamshi,
TDS shall be deducted on the license fees paid to the Non Resident U/S 195. The rate depends upon the payee, whether he is Individual or Company. Rate shall be 10%% Plus SC Plus EC
Hi
yes TDS can be deducted on one time license fee paid if amount is greater than 20000 @ rate of 10%+2%education cess for secondry education+1%education cess for heigher education (means 10.3%)
NIMA
| Originally posted by :vamshikrishna | ||
| " | TDS on payment to NRI ( in nature of royalty) is governed by DTAA as well as Income tax Act. The rate of TDS will be lower of the above mentioned acts |
" |
We are in business of catering. we got licence regarding sale of food. At what rent tds to be deducted on licence fees, which varies with amount of sale?
Recent Topic
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
Related Topics
CAclubindia
