18 December 2014
Hello friends, My client is an educational institution and availing exemption u/s 10(23)(c)(iiiad), my query is that whether my client is required to deduct TDS or not on salary, payment made to contractor, commission, etc.
If my client is registered u/s 12A then what will be your answer?
19 December 2014
TDS required to be deducted in all cases irrespective of status of assessee. however section 196 of income tax contains certain exemptions from TDS liability which not covered either education institution or Trust
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