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Fund received from Company Cash Credit Account

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Sujit Kumar Sahoo

Sujit Kumar Sahoo (Querist)
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30 September 2020 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.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 September 2020 No TDS applicable on such payment to government.
Refer section 196.

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