Tds comes or not----need expert view... its very urgent
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2012
Dear Expert,
Whether TDS comes or not on Supervision charges to BESCOM( Arm of Electricity board of Karnataka Gov)...
now we have deecuted TDS @10%...but BESCOM people were telling
1) TDS is not applicable for Gov. companies..is this correct.. i think only of 194I its not applicable
2) whether payment of supervision charges to BESCOM would attract TDS?
Kindly clarify the same....
Regards
Whether TDS comes or not on Supervision charges to BESCOM( Arm of Electricity board of Karnataka Gov)...
now we have deecuted TDS @10%...but BESCOM people were telling
1) TDS is not applicable for Gov. companies..is this correct.. i think only of 194I its not applicable
2) whether payment of supervision charges to BESCOM would attract TDS?
Kindly clarify the same....
Regards
17 July 2012
U/s 196 of IT Act, No TDS is required from any sum payable to Govt. or RBI or a Corporation established ubder a Central act.
Check with the payee for its status and decide.
Check with the payee for its status and decide.
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