TDS on sale and distribution of Fillms

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..... TDS on sale and distribution of Fillms
Query (Issue) Started By: - Pathy Senthil Dated:- 10-4-2020 Last Reply Date:- 12-4-2020 Income Tax
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Income Tax
Sale and distribution of f .....

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..... ilms now included under royalty and hence TDS would be applicable. But the rate( 2% or 10%) is not clear after the amendment to Finance act 2020. Please refer below As per the Finanace Act 2020, In .....

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..... section 194J of the Income-tax Act, in sub-section (1),-- (a) in the long line, for the words "ten per cent. of such sum", the words and brackets "two per cent. of such sum in case of fees for techni .....

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..... cal services (not being a professional services, or royalty where such royalty is in the nature of consideration for sale, distribution or exhibition of cinematographic films and ten per cent. of such .....

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..... sum in other cases," shall be substituted; So TDS for sale and distrubtion of films is now 2% or 10%. Please clarify Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: The rate of 2% is substituted fo .....

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..... r 10%. As per the amendment the TDS @ 2% is applicable for technical services. In other cases it is 10%.
Discussion Forum - Knowledge Sharing .....

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