TDS applicable for f.y 21-22

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47 Points Posted on 02 November 2021
what are the TDS provision regarding Good purchase from government companies??
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On 02 November 2021 at 11:32 Report
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This discussion clarifies the Tax Deducted at Source (TDS) provisions for purchases made from government companies during the financial year 21-22. It highlights that TDS is generally not applicable when payments are made to government entities, including central and state financial corporations, or the Reserve Bank of India.

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Master in Accounts & high court Advocate
9620 Points Posted on 02 November 2021

TDS is not applicable in the following cases:

When the amount is paid to government or any government body and Reserve Bank of India. ... When amount is paid to state or central financial corporations.

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On 02 November 2021 at 13:57
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CA
10436 Points Posted on 03 November 2021
Agreed with above comment
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On 03 November 2021 at 00:01

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