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Royalty Rate under 52(i)(j)

(Querist) 10 July 2009 This query is : Resolved 
Dear Sir,

Under Section 52(i)(j)of Copyright Act 1597 [which deals with the Sound Recording / Cover Version, the person shall pay the owner of the copyright the royalty.

Now my query is:

1. at what rate the royalty shall be payable to the owner.

2. is the said payment of royalty is subject to tax (like deduction of VAT from the amount of royalty payable to the owner)

3. can any one pleas provide the copy of the said judgment of the Copyright Board?

Please do the needful

Thanking you

Regards
Deepak
Report Abuse
Sankaranarayanan (Expert) 22 July 2009
Royalties

Royalties from copyrights, patents, and oil, gas and mineral properties are taxable as ordinary income.


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