Tds

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Querist : Anonymous (Querist)
13 February 2013 A PRIVATE COMPANY CAN DEDUCT TDS FROM GOVERNMENT SECTOR

13 February 2013 As per Section 196 if the Corporation is established under the central Act and is exempt from income tax on its income then tax is not required to be deducted. Payments to Govt are also exempt from TDS.
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Govt Sector -is a wider term as such while making the payment , above test has to be applied.


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