Mr.A is paying Rs 30,000/pm for getting Liquor License fee from Mr.B. Both r the individuals. And Mr.A sales are more than the Rs 1 crore, then under which section Tds has to be deducted.
10 September 2014
TDS should be deducted u/s 194J @10%.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
10 September 2014
Thank you sanjay,
As per sec-194J(ba), any remuneration or fees or commission by whatever name called, Hence any fee has been included as per 194J, Licence fee paid for taking others' Licencee is also sec-194J is applicable.
But we are paying amount for taking the Licence, so it is like rental fee for taking possession of Licence hence, sec-194I is applicable.