My concern is a franchisee of some technical institute and I have to pay some share in every student's fees. What should be the nature of this payment & whether this shall be subject to TDS. We can say this is a roality.
VIkas (CA) (112 Points)
09 February 2009My concern is a franchisee of some technical institute and I have to pay some share in every student's fees. What should be the nature of this payment & whether this shall be subject to TDS. We can say this is a roality.
Pranay Shukla
(CA)
(52 Points)
Replied 09 February 2009
See the agreement between two concern. Does it elaborate the payment type? i.e. royalty