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Fund received from Company Cash Credit Account

This query is : Resolved 

Dear Sir,

I have received Rs. 15,63,286/- from a private limited company towards custom duty payment in ICE Gate on that organisation I am working as an accountant.Can I deduct t.d.s towards municipality taxes payment and custom duty payment which amount I have received in my personal bank account.


No TDS applicable on such payment to government.
Refer section 196.


Bajaj Finserv

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