Exempted from payig it
This query is : Resolved
02 December 2012
Whether state govt and central govt dept are exempted from Income tax ?
Payment to these these depts will attract TDS u/s. 194 C, I and J or not?
If not under which section?
Payment to these these depts will attract TDS u/s. 194 C, I and J or not?
If not under which section?
03 December 2012
Please refer Section 196. Payments to Govt , RBI, Corporation s established under a central act and are exempt from tax and mutual funds specified U/s 10(23D) are exempt from TDS.
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