TDS on Monogram Licence Fees

[ASHISH DESAI]

if an Indian company makes payment to Overseas company towards Monogram Licence Fees on an yearly basis, is this payment  subject to TDS? if, yes, at what rate?

[Vivek Harsh]

Refer Sec 195 of the IT Act 1961.

AI Summary

TDS on cross-border licence fees: withholding obligations arise under income tax rules for nonresident payments. Query whether payments by an Indian company to an overseas company for monogram licence fees are subject to TDS and at what rate; respondent directs reference to Section 195 of the Income Tax Act, 1961 as the governing provision for withholding on payments to nonresidents, without providing a specific withholding rate.