TV CHANNELS GETS TAX REPRIEVE

TV channels will not have to pay any taxes for up linking and downloading their signals once they register themselves in India. A recent order from the Delhi branch of Income Tax Appellate Tribunal (ITAT) on the PanAmSat case has ruled that the payments made by TV channels to satellites do not constitute 'royalties' or 'fees' and such payment are not liable to be taxed in India. The order is a landmark in itself and henceforth TV channels in India will not have to produce the TDS certificate for the payments made to the Satellite Company.