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<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> </head> <body> <div style="font-family:Verdana, Geneva, sans-serif; font-size:12px; text-align:justify"> <table width="800" border="0" style="border:1px solid #ccc;padding:5px;" align="center" cellpadding="6" cellspacing="0"> <tr> <td align="left" valign="top"> <br /> Ministry of Finance <br /><br /> Broadcasters to not pay TDS on acquiring broadcasting rights<br /><br /> MANU/DTCR/0005/2016 - (29 Feb 2016)<br /><br /> </td> </tr> <tr> <td align="left" valign="top"></td> </tr> <tr> <td align="left" valign="top" style="background-color:#FDEDCE"><strong>The Central Board of Direct Taxes clarified that broadcasters acquiring only telecasting or broadcasting rights do not partake in a contract for 'carrying out any work'. If payment is made for production of content under a 'work contract' or for 'professional or technical services' the same will be liable to TDS under Section 194C or 194J of the Income Tax Act, 1961.<BR><BR> Also clarified is that no TDS is attracted on payments made by television channels or newspapers to advertising agencies for booking or procuring advertisements.</strong></td> </tr> <tr> <td align="left" valign="top" ><strong>Relevant : Enlarged scope of IT deduction <manuid>MANU/DTCR/0017/1995</manuid></strong></td> </tr> <tr> <td align="left" valign="top" ><strong>Tags : tds, broadcast, acquisition, production</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <!--<td><strong>Source : <a target="_new" href="http://www.manupatrafast.com/">newsroom.manupatra.com</a></strong></td>--> <td align="left" valign="top"><strong>Source : newsroom.manupatra.com</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <td align="left" valign="top">Regards</td> </tr> <tr> <td align="left" valign="top">Team Manupatra</td> </tr> <tr> <td align="left" valign="top"> </td> </tr> </table> </div> </body> </html>