If a company is making payment above Rs 20000 for the pupose of granting scholarships to students in school or for other payments of charitable nature, whether it is required to deduct TDS for such payment ?
Please provide reference in support of your answer of Income Tax act, relevant case laws, circulars etc.
If you debit any expenses in the p&l ac then you have to deduct the tax. Since scholarship and charitable nature are supposed to debited to p&l no need to deduct the tax.
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