TDS
This query is : Resolved
30 December 2009
IS TDS IS APLICABLE ON PAYMENT MADE TO CONTAINER CORPRATION OF INDIA FOR OCEAN FREIGHT.
Arjuna Raina
(Expert)
30 December 2009
Yes, if it is govt then no
Murtaza I Bhagat
(Expert)
30 December 2009
agree
CA.ViVeK M ACA
(Expert)
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.
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.
CMA Ramesh Krishnan
(Expert)
31 December 2009
You can check the CBDT notified circular
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