TDS on payment to Bureau of Indian Standards
This query is : Resolved
23 December 2010
Good morning Sir,
Kindly tell me that the payment made to BIS regarding testing & Analysis with renewal of licence, the payment is liable to deduct the tax at source? If yes then in which section & what is the rate of Interest & Penalty?
Kindly tell me that the payment made to BIS regarding testing & Analysis with renewal of licence, the payment is liable to deduct the tax at source? If yes then in which section & what is the rate of Interest & Penalty?
23 December 2010
Yes Tds is Laiable under section 194 J @10% w.e.f 01.07.2010 before that @10.30% on Testing and Analysis Charges with Renwal of Licence fee.
23 December 2010
Thank you Sir.
But sir the Bureau Of Indian Standards is a government corporate body & TDS is not applicable to payment of govt. body.
Please sir brefily discribe it.
Thanks.
But sir the Bureau Of Indian Standards is a government corporate body & TDS is not applicable to payment of govt. body.
Please sir brefily discribe it.
Thanks.
24 December 2010
Dear Ankur,
In Section 194, have no such clause that tds shall not be laible on Government Agencies. &
Bureau Of Indian Standards rendering Technical Services to the Industry & Commerce at large and it is a institution not a Government.
As in Cirulars and Section 194 C having details which not avaialbale on Section 194J
In Section 194, have no such clause that tds shall not be laible on Government Agencies. &
Bureau Of Indian Standards rendering Technical Services to the Industry & Commerce at large and it is a institution not a Government.
As in Cirulars and Section 194 C having details which not avaialbale on Section 194J
Message likes :
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15 April 2014
BIS is covered in the defination u/s 10(23c)
so no need to deduct tds
so no need to deduct tds
Guest
Guest
(Expert)
23 December 2014
BIS is covered u/s 10(23C)(iv) of the Income Tax Act, 1961.
However, that does not result in non deduction of TDS on its income for technical services provided. Accordingly, TDS has to be deducted on payments made to BIS for technical service provided to the assessee.
It is the duty of BIS to claim benefit of 10(23C)(iv) in its ITR and receive refund of Income tax directly from the authorities.
However, that does not result in non deduction of TDS on its income for technical services provided. Accordingly, TDS has to be deducted on payments made to BIS for technical service provided to the assessee.
It is the duty of BIS to claim benefit of 10(23C)(iv) in its ITR and receive refund of Income tax directly from the authorities.
30 April 2021
pls refer NOTIFICATION NO. 111/2016, DATED: 01-12-2016. Income arising to BIS has been exempted by Govt of India
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