Tds applicability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 April 2013
Hi,
Our Organisation has taken some tractors on rent from a govt. organisation in MP.
The query is, are we liable to deduct tax at source from the payments so made?
We are yet to figure out if it's a corporation established under central act.
Our Organisation has taken some tractors on rent from a govt. organisation in MP.
The query is, are we liable to deduct tax at source from the payments so made?
We are yet to figure out if it's a corporation established under central act.
15 April 2013
Must Deduct TDS as per Income Tax Act.
16 April 2013
obviously if it is not meeting the criteria specified u/s 196 of the Act, you are duty bound to deduct tds @ 2% being rent of plant & machinery
31 May 2013
There is difference between Govt. Department and Govt. undertaking. If it is department then no TDS but if it is undertaking then Yes as it is in the form of company and having shareholders either Govt. or financial institutions.
31 May 2013
There is difference between Govt. Department and Govt. undertaking. If it is department then no TDS but if it is undertaking then Yes as it is in the form of company and having shareholders either Govt. or financial institutions.
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
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- NON- SUBMISSION OF LLP FORM 3
- TDS related Query_Liquidated Damages
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- What is provisional receipt number for generation of form 16A
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Free lancer income
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Showing Gift from relative in ITR for this year
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
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
