TDS

This query is : Resolved 

30 December 2009 IS TDS IS APLICABLE ON PAYMENT MADE TO CONTAINER CORPRATION OF INDIA FOR OCEAN FREIGHT.

30 December 2009 Yes, if it is govt then no

30 December 2009 agree

30 December 2009 For levying TDS first we have to know whether the entity belonging to Central government, state government, RBI Etc,

If the entity owned or controlled by CG or SG or any corportation owned by CG or SG or Both , then NO TDS shall be liable to TDs . Else , have to deduct the Tds at applicable rate.

31 December 2009 You can check the CBDT notified circular


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