Royalty Is The Agreement Between The Following Persons Mcq

In such a case, like Leswiederum, it will keep the following books of accounts – for example, if the amount of the royalty is 1,000/000/ – TDS rate is 10%, then tenant will pay Rs. 900,000/- to the owners. The amount of the royalty on the profit and loss account is Rs 1,000,000- and the balance of Rs 100,000 is paid into the central government account. The right to recover is set for the specified period or for the floating period. When the right to recovery is defined for the start years determined from the date of the licence agreement, it is classified as defined or restricted. On the other hand, if the lessor has the right to recover partial unemployment within the next two or three years from its beginning, it is said that it is on hold. In the event of TDS applicability (source deductible) under the Income Tax Act, the payment to the lessor is made after deduction of SDS at the applicable rate and the lessor is required to pay it to the central government credit. The amount of the licence is the gross amount of royalties (including TDS) charged to the profit and loss account. Owners are people who have legal rights over the mine or quarry or patent rights or copybook. In the case of the patent, the publisher of the book pays royalties to the author of the book on the basis of the number of books sold. Thus, the patent holder receives royalties on the basis of production and the owner of the mines receives royalties on the basis of production. Patent licensing fees – Patent licensing fees are paid by the lessor to the lessor on the basis of the production or production of the products concerned.

At some point, there may be work stoppages due to out-of-control conditions, such as strike, flooding, etc. in this case, the minimum rent must be changed in accordance with the agreement. The royalties must be paid by a user to the owner of the property or to something over which an owner has certain special rights. A licensing agreement is reached between the owner and the user of these property rights. If the payment is made to buy the right or property that is considered an investment expense instead of a royalty. The difference between the minimum rent and the effective fee is called “shortworking” for which the payment of royalties must be made on the basis of the minimum rent due to delivery or sales constraints. If the license fee calculated z.B. 900,000 ru. by selling books based on the example above, but the fee is Rs 1000,000 per minimum rent, partial unemployment is 100,000 Rs.

(Rs. 1,000,000 – 9,000,000 Rs.). It may include in the licensing agreement that a surplus of the minimum rent paid through the actual royalties (i.e. partial unemployment) can be repaid in subsequent years. So if the royalties are called beyond the minimum rent the right to recovery (partial unemployment). Copyright – Copyright offers a legal right to the author (his book or books), the photographer (in his photos) or to such intellectual works. The copyright license must be paid by the publisher (reading) of a book to the author (renter) of that book or to the photographer, on the basis of the sale by the publisher. The payment of royalties is a minimum rent or the actual fee, depending on what is higher, for example. Depending on the tenancy agreement, minimum rent, fixed rent or dead rent is a type of guarantee made by the tenant to the landlord in case of failure of production or production or sale. This means that the landlord receives a minimum rent, regardless of the reason for the production shortage. Below are the important terms that are used in licensing agreements – M/s Hyderabad published a book on Java on minimum rent of Rs. 1,000,000/- per year of royalties payable.

Rs. 20 sold per book. In the first year of publication, Hyderabad sold 75,000 copies of the books and in the second year, the number of books sold fell to only 45,000. The amount of royalties is owed in accordance with royalties collected for the mining licence paid by the lessor of a mine or quarry to the value of the mine or quarry, which is generally based on the basis of production.

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