is payment made to Director NIT kurkshetra liable to TDS? is it a govt institution(NIT)? pls reply if sure.
is payment made to Director NIT kurkshetra liable to TDS? is it a govt institution(NIT)? pls reply if sure.
yes tds is applicable
Yes tds applicable deduct tds u/s 192
i think tds is not applicable . i have just gone thru its background on the net and i found that it is t0tally funded by govt of india hence it is a govt institution and payment to it is not liable to tds. pls correct me if i m wrong.
If its government institute than no need to deduct tds.
No tds............................................
| Originally posted by : vijay singla | ||
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is payment made to Director NIT kurkshetra liable to TDS? is it a govt institution(NIT)? pls reply if sure. |
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what is the purpose of payment ? TDS is applicable on specified payments of expenditure, not on money payouts.
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