Applicability of TDS on purchase of perpetual movie rights
Rajeev Sharma (Student CA Final ) (50 Points)
25 December 2019Rajeev Sharma (Student CA Final ) (50 Points)
25 December 2019
Kapadia Pravin
(17259 Points)
Replied 25 December 2019
CA Arun Kumar Tiwari
(CA in Practise)
(445 Points)
Replied 26 May 2020
Yes, TDS is required to be deducted over this transaction under section 194J at the rate of 5% as it is also falls under the ambit of section 194J as per latest amendment made under this section. So, accordingly TDS @ 5% shall be deducted and paid to the government by 7th day of next month.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)