TMI BlogTDS u/s 194L - TDS on the payment of non-compete fee - non compete fee did not confer any exclusive...TDS u/s 194L - TDS on the payment of non-compete fee - non compete fee did not confer any exclusive right to carry-on the primary business activity. The right is restricted only to the particular party or individual and does not have the exclusivity over the rest of the world. Thus, non-compete fee cannot be termed as intangible asset. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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