I have one doubt
Whether TDS Is applicable on Royalty paid to governament for extraction of sand/murum.
I think since we are paying amount to government TDS Will be not required.
And also Rate of TDS as per sec 194J is 10% on royalty but in Case royalty paod in case of consideration against sale then TDS rate shall be 2 %.
I am confused on this which rate is applicable??
Menu
Tds on royalty paid to government
Replies (4)
Quick Summary
No tds liability when payment was made to government
But the perso with whom we are dealing is demanding for tds deduction
what should I do..
what should I do..
Sorry sir, my bad, without referring the relevant section, I replied earlier... actually no exceptions have been carved out in section 194J in respect of royalty payments made to GOVERNMENT
Yes sir there is no exception in 194 J for payment to the government but as per sec 196 of income tax there is no need to deduct in case of payment made to government...
Recent Topics :
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
Related Topics :
CAclubindia
