TDS Royalty

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253 Points Posted on 04 June 2021
Hi,

TDS is applicable on Royalty paid to Franchisor by Franchisee

Franchisee: Private Coaching Centre

TDS applicable?
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On 04 June 2021 at 08:42 Report
Replies (7)
Quick Summary
This discussion clarifies that Tax Deducted at Source (TDS) is indeed applicable on royalty payments made by a franchisee to a franchisor. Specifically, Section 194J of the Income Tax Act governs this, with a standard deduction rate of 10%. If tax audit is conducted, this 10% TDS must be deducted.

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Chartered Accountant
24588 Points Posted on 04 June 2021
Yes TDS is applicable
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On 04 June 2021 at 10:02
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Student
252 Points Posted on 04 June 2021
Yes applicable
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On 04 June 2021 at 10:09
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253 Points Posted on 04 June 2021
Section 194J @ 10% right
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On 04 June 2021 at 10:21
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Learner
2398 Points Posted on 04 June 2021
Yes, 194J will be applicable
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On 04 June 2021 at 11:34
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tax consultant
3306 Points Posted on 04 June 2021
Yes the rate applicable is 10%
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On 04 June 2021 at 12:56
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Chartered Accountant
24588 Points Posted on 06 June 2021
194J is applicable
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On 06 June 2021 at 05:59
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253 Points Posted on 06 June 2021
If Tax Audit done TDS 10% should be deducted right
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On 06 June 2021 at 08:41

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