Top Story

e4m_logo.png

Home >> International >> Article

Change in TDS norms hit TV Channels

03-May-2001
Font Size   16
Share
Change in TDS norms hit TV Channels

Indian broadcasters are caught in a tizzy over the two new taxation rules — P & L account tax system for foreign satellite companies and re-introduction of section 194-H, which is applicable to all television channels and air-time sellers.

They have approached the CBDT and sought tax deduction at source rates applicable to the foreign telecasting companies. And their problems seem further compounded as TDS on the 15 per cent commission paid by advertisers to the Indian agents of foreign telecasting companies and the advertising agencies has been re-introduced.

The Indian Broadcasting Foundation has taken up these issues with CBDT. Sources say CBDT is looking into both issues. IBF is likely to make a representation to CBDT on the 15 per cent commission issue soon.

According to IBF sources, the FTCs would want TDS rates to be fixed by CBDT and the year ending tax deduction rate lowered to the 30 per cent level applicable on domestic companies.

Tags

Aparna Bhosle, Business Cluster Head - Premium & FTA GEC channels - ‎ZEEL, on its new property, sponsors, investment on acquisition and response to BBC First

In an interview with exchange4media, Ferzad Palia says that most successful brands are not those who spend the most money

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Southeast Asian market

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

Though business has picked up, the private FM industry expects festive ad spends to be subdued compared to 2016