My company is going to give scholarship to some students for higher studies. Can the company claim any kind of income tax benefits, like allowable business expenses or any other benefits under the Income Tax Act.
Is it necessary to deduct TDS for the payments made and if yes, then under which section of the Act.
Refer: /experts/tds-for-scolarship-to-reserch-students-11196.asp#.UWQtSpNkPaI
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