Applicability of tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 November 2016
Sir, I am working as an articled assistant. I am doing concurrent audit in RBI. RBI is purchasing newspapers and magazines from a particular vendor but they didn't make any contract. They are paying beyond Rs30000 every month to that particular vendor. So my question is shall TDS applicable for that amount?
16 November 2016
TDS not applicable on news paper and magazine purchases.
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