Hi,
A company make payment to national dairy research institute amounting to Rs.3000.
Is tds apply for that or not?
Can anyone Pls revert quickly...
Menu
Tds exemption
Replies (4)
If amount is just rs 3000 then no tds
if it is more than threshold limit then tds is applicable
if it is more than threshold limit then tds is applicable
If it is paid for professional services
Sec 194 J is invoked.
otherwise no TDS.
Sec 194 J is invoked.
otherwise no TDS.
1. It depends on the nature of work done and expenses. Example contract, commission, profession etc.
2. However, if it is an institute under government control then TDS will not be applicable. And to add more point, payment is Rs. 3,000, which is within the threshold limit under any TDS section.
3. Hence, no need for deduction of TDS.
Please correct me if the above solution has an alternative view.
3,000 is within the threshold limit. no TDS.
Recent Topics :
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
Related Topics :
CAclubindia
