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Sale of Rights

This query is : Resolved 
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Guest

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Guest (Querist)
15 July 2010 Hi,

If a Company sells its Selling and Development rights to another Company, whether the same is chargeable to TDS?

If yes, which section specifies the same
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
15 July 2010 No TDS deductible on such transaction.

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