TDS on Royalty payment.

This query is : Resolved 

17 January 2008 Pl let me know whther TDS has to be deducted when making Royalty payment. If yes at what rate it as to be deducted.

17 January 2008 Yes TDS is deductible

TDS on Royalty effective from 13th July, 2006

-Payment of royalty to a resident in case where such payment exceeds Rs.20,000 during the Financial Year. The rate of deduction shall be 10% under Section 194-J of the Act.



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