Regarding tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 August 2017 An education institute is paying nearly 2 lacs per annum for advertisements by advertisements agency .But the institute doesn't have PAN.This institute is governing by educational society where the society has the PAN card.So what was the TDS treatment. Return is filling in the name of society.

CA Suresh Jain

CA Suresh Jain (Expert)
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18 August 2017 Whether return is filed by the Society or Educational institute does not file any return ?

ABHISHEK GARG

ABHISHEK GARG (Expert)
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18 August 2017 It seems that Institute is the Integral part of the Society.
Institute is governed by the society bye-laws and PAN is also in the name of the Society that means Income From Institute is reported by the Society in his ITR.
So,
Society is liable to deduct TDS on behalf of Institute.