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TDS category for payment of Royalty

vinayak Parkar (Accounts exe) (92 Points)

25 November 2010

can anyone please tell me TDS category for payment of royalty.

Regards

Vinayak

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6 Replies

Aditya Maheshwari (CA in Practice) (35867 Points)
Replied 25 November 2010

194J. (1) Any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any sum by way of—

(a) fees for professional services, or

(b) fees for technical services, [or]

(d) any sum referred to in clause (va) of section 28,]

shall, at the time of credit of such sum to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct an amount equal to [ten] per cent of such sum as income-tax on income comprised therein :

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shailendra (Accounts Executive ) (128 Points)
Replied 25 November 2010

It comes u/s 194-J

CS Ankur Srivastava (Company Secretary & Compliance Officer) (17853 Points)
Replied 25 November 2010

Originally posted by : Aditya Maheshwari
	194J. (1) Any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any sum by way of— (a) fees for professional services, or (b) fees for technical services, [or] (c) royalty, or (d) any sum referred to in clause (va) of section 28,] shall, at the time of credit of such sum to the account of the payee or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct an amount equal to [ten] per cent of such sum as income-tax on income comprised therein :