Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 February 2013
A PRIVATE COMPANY CAN DEDUCT TDS FROM GOVERNMENT SECTOR
CA PARAS BAFNA
(Expert)
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.
.
Govt Sector -is a wider term as such while making the payment , above test has to be applied.
.
Govt Sector -is a wider term as such while making the payment , above test has to be applied.
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