Tds on advt. in govt. journal/hand books
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 January 2012
Is TDS applicable for advertising or sponsorship in govt.journal/hand books
31 January 2012
Section 196:
No deduction of tax shall be made from any sum payable to the Govt. .
No deduction of tax shall be made from any sum payable to the Govt. .
31 January 2012
I think TDS should be deducted, Because Section 194C says the TDS should be deducted for any contract between contractor and the person Specified, and explanation (i)(a)includes central and State government in definition of Specified Person.
And Section 196 is for any payment made to central government and State government by way of interest, dividend or any other sum in the nature of interest..
And Section 196 is for any payment made to central government and State government by way of interest, dividend or any other sum in the nature of interest..
31 January 2012
Section 194C: Explanation
.
Specified person referred to in Section 194C includes both State & Central Governments as rightly pointed out by CA Jayesh Shah.
.
However, the duty assigned to the specified person (SP) in the said section is towards making tax deduction.
SP is a contractee or can be said as payer of the contract amount to the Contractor.
Whereas, from the query, prima facie, it seems that the Govt. is being engaged as an advertising agency or as a contractor.
.
The advertiser will be treated as specified person for the purpose of discharging his obligation as the Deductor.
.
Section 196:
It's applicability can not be limited to merely Interest or Dividend payable to the Govt. as the section ends with the phrase " or any other income accruing or arising to it (Govt.).
.
Specified person referred to in Section 194C includes both State & Central Governments as rightly pointed out by CA Jayesh Shah.
.
However, the duty assigned to the specified person (SP) in the said section is towards making tax deduction.
SP is a contractee or can be said as payer of the contract amount to the Contractor.
Whereas, from the query, prima facie, it seems that the Govt. is being engaged as an advertising agency or as a contractor.
.
The advertiser will be treated as specified person for the purpose of discharging his obligation as the Deductor.
.
Section 196:
It's applicability can not be limited to merely Interest or Dividend payable to the Govt. as the section ends with the phrase " or any other income accruing or arising to it (Govt.).
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
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Putting a heading on received mail
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Consolidated financials
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Section 50-fixed asset-->building ceases to exist
- Reprocessing of rectification order AY 2025-26
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
