Non-Compete fees

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

24 September 2010 Hi all any amount recieved on sale of technical know-how for manufacture is chargeble to tax....?

If yes what s the reason?

Under which section?

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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24 September 2010 The above transaction will fall in to professional , technical and consultancy service and the payer will deduct TDS u/s 194 J @ 10 %.

Querist : Anonymous

Querist : Anonymous (Querist)

24 September 2010 No payer is not deducted

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Querist : Anonymous

Querist : Anonymous (Querist)

24 September 2010 and moreover we are recieving against sharing a knw hw