Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 September 2016
Respected Sir/Madam,
My company have been paying Amount to Phonographic Performance Ltd. (Rs.100000+ Service Tax 14500). My question is whether TDs is to be deducted or not from such payment.
My company have been paying Amount to Phonographic Performance Ltd. (Rs.100000+ Service Tax 14500). My question is whether TDs is to be deducted or not from such payment.
23 September 2016
what for the amount is paid? is it rent or for purchases etc? Please specify...
23 September 2016
what for the amount is paid? is it rent or for purchases etc? Please specify...
23 September 2016
As per My opinion the TDS would be deducted only on invoice value @ 2% u/s 194C. Please have a read - CBDT Circular No. 04/2016 dated 29 Feb 2016 wherein CBDT had opined that TDS would not be deducted u/s 194J and broadcasting rights constitute 'work'. However it is advisable to read the circular and if you fall under the persons explained in the circular , you need to deduct the same @ 2% u/s 194C
@ Joglekar Sir- Sir the payment made to PPL is for broadcasting/ music rights..
@ Joglekar Sir- Sir the payment made to PPL is for broadcasting/ music rights..
23 September 2016
then it can fall under 194C
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