Applicability of tds for amount paid to hospital towards training provided to students of pharmacy college
talagama.saikiran (no) (33 Points)
01 February 2016talagama.saikiran (no) (33 Points)
01 February 2016
R.K.Ranjan
(Student CA Final )
(51 Points)
Replied 01 February 2016
Rate applicablle is 2% as this is conmtractual in nature
Shivani Mittal
(Practice)
(425 Points)
Replied 01 February 2016
Sec 194C is applicable. Hence limits of Rs 30,000/- and Rs. 75,000/- (aggregate) is to be applied, If your client is an indiviadual then TDS of 1% is applicable else it will be 2%.
Regards CA Shivani Mittal
talagama.saikiran
(no)
(33 Points)
Replied 03 February 2016
Thank you sir.Now i got more clarity as the agreement is in between college and Nims and not between college and doctors.so,194C is apllicable.