There is a case where a contract has been awarded to National Research Centre for Agroforestry for R & D for a lump-Sum payment. Is TDS applicable on this Transaction?
Further the agency is claiming that it is only taking consultancy cost and there is no income, so TDS should not be deducted.
Whether the organisation is charging only cost or adding profit to it ...law does not consider. The point is whether to the nature of payment TDS is deductible or not.....?
RMA And Associates LLP
New Delhi
CA Inter
View Details
HKC | Chartered Accountants & Business Advisors
Ludhiana
CA
View Details
CCI
Pro
CAclubindia
