We have given a contract to a Recording Studio for arranging singers, musicians, recording, dubbing etc. and for producing 1000 CDs and 1000 Cassettes. Do we need to deduct TDS or not?
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TDS on Songs CDs and Cassette production Contract
Replies (5)
yes
yes
| Originally posted by :Sourabh Sharma #Wicked Sunny# | ||
| " | yes | " |
What explanation we can give to the contractor? If he doesn't have the PAN, do we still need to deduct? FVU software is not accepting to some extent (%age) of non PAN deductees. In that case what we should do?
Yes, i Agree with Prasanna.
Dear Prasannakumar!
In your case, TDS has to be made despite the fact that the deductee is not having a PAN. Further, it may please be remembered that the nature of the contract quaifies it to be a techincal contract for which TDS to be made at 10% under 194J.
Do post your queries!
Good Bye! Cheers!!
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