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
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
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
