17 August 2012
OUR CLIENT HAS ENTERED INTO AN AGREEMENT WITH FUTURE GROUP(FVRL) FOR SALE OF PRODUCTS FROM ITS(FUTURE GROUP) SHOPS IN THE MALL. NOW AS PER THE AGREEMENT CLIENT WOULD PAY 58 LAC FOR THE WHOLE AGREEMENT NOW MY QUERY IS WHETHER PAYMENT MADE COMES WITH IN THE PURVIEW OF SEC 194 J,AS THE CLIENT IS USING THE BRAND NAME 2 SELL ITS PRODUCT, WHETHER IT SHOULD BE TREATED AS RENT AND TDS WILL BE DEDUCTED UNDER 194I,
18 August 2012
actually the product is printer and it will be sold from future group's shop so indirectly he is using the brand name of future group to sell his product so it is like a royalty & on that tds will be deducted under section 194j
CAclubindia
