TDS 194C .
This query is : Resolved
03 November 2021
Whether central govt hospitals deducted TDS on payment made to contractor for supply of medicine
03 November 2021
As per sec. 194Q, which is applicable from 01.07.2021, if the conditions as per the section gets satisfied, the hospitals need to deduct TDS.
03 November 2021
As per circular issued by CBDT ... Circular No. 13 of 2021 dated 30.06.2021, ......
......
"2. Buyer is defined to be person whose total sales or gross receipts or turnover from the business carried on by him exceed ten crore rupees during the financial year immediately preceding the financial year in which the purchase of good is carried out. Central Government has been authorized to specify by notification in the Official Gazette, person who would not be considered as buyer for the purposes of this section.." .....
But as on date no exemption list issued. So, it is applicable to the hospitals also.
......
"2. Buyer is defined to be person whose total sales or gross receipts or turnover from the business carried on by him exceed ten crore rupees during the financial year immediately preceding the financial year in which the purchase of good is carried out. Central Government has been authorized to specify by notification in the Official Gazette, person who would not be considered as buyer for the purposes of this section.." .....
But as on date no exemption list issued. So, it is applicable to the hospitals also.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Loss of interest in PF transfer from EPFO to Trust
- ITR-3 File/Error Found
- TDS offline utility
- Due Date Clarity
- ASMT-10 received from A O
- IT returns for fresh job holders
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
