As the Govt. deductors has to deposit on the same day , and others by 7th of the following month
I want to know how to distinguish PSU and Govt. co.
For example banks are considered PSUs and the companies like NMDC, National Textiles are considered Govt.
I want the legal provisions to convince myself as well as my clients .
(here 1 may note some govt. offices pay through book adjustment some companies through challan)
The organisations which are directly controlled by government, through ministries and departments are Government. for eg: ONGC, OIL, CIL, NLC...
the definition is
Thank you.
R P S K & Associates
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