Ipr
This query is : Resolved
15 February 2016
whether royalty received for allowing the recording of song for further distribution by the composer is taxable or not??
18 February 2016
“Intellectual Property Service” means, —
(a) transferring, temporarily; or
(b) permitting the use or enjoyment of,any intellectual property right;’;
[Section 65(55b) of Finance Act, 1994 as amended]
Receiving royalty for distribution of song by composer / lyricist is Intellectual Property Right Services and hence it is a taxable service.
(a) transferring, temporarily; or
(b) permitting the use or enjoyment of,any intellectual property right;’;
[Section 65(55b) of Finance Act, 1994 as amended]
Receiving royalty for distribution of song by composer / lyricist is Intellectual Property Right Services and hence it is a taxable service.
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