Applicatibilty of tds on franchises payments
This query is : Resolved
26 September 2012
Hi friends..., Making contract for Franchises(one time Payment) .. payment have to made after deducting TS?
If TDS is appplicable on u/s 194j
(or)
Alternative : shall we treated Franchises(one time Payment) as a intangible assets ?
If we treated as Franchises as intangible Assets - TDS oblication is applicable?
If TDS is appplicable on u/s 194j
(or)
Alternative : shall we treated Franchises(one time Payment) as a intangible assets ?
If we treated as Franchises as intangible Assets - TDS oblication is applicable?
27 September 2012
Dear Kathiravan
TDS Applicability determined by the nature of payment and not how we are treated it in our books of Accounts. So if the nature of payment subject to tds then you have to deduct it.
TDS Applicability determined by the nature of payment and not how we are treated it in our books of Accounts. So if the nature of payment subject to tds then you have to deduct it.
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