tds deduction on direct port delivery charges of jnpt

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is tds deductible
Replies (3)

I think, not deductible with port authorities.

is there any circular regarding it?

TDS is not applicable in below cases:

  • When the amount is paid to government or any government body and Reserve Bank of India
  • Amount is paid to notified mutual funds under Section 10(23D)
  • When deductee has certificate of no-deduction under Section 192 of the Income Tax Act
  • When amount is paid to state or central financial corporations
  • Interest credited or paid to :
  • Banks or Banking Company
  • Life Insurance Corporation, Unit Trust of India or any other insurance company
  • National Savings Certificate
  • Kisan Vikas Patra
  • Non Resident External Account
  • Banking Co-operative society
  • Savings account and Recurring deposits of banks and co-operative society
  • Notified body for non-deduction of tax


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