Tax deducted at source

This query is : Resolved

Amit Singh (Querist)
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21 December 2011 If a firm pays warehousing charges to central warehousing corporation a government undertaking than tell me whether TDS will be deductible or not u/s. 194C of Income Tax Act.Whether the provision of Section U/s. 196 can be invoked & please provide any circular or notification on the same issue based on your answer.

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CA Ayush Agarwal

CA Ayush Agarwal (Expert)
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21 December 2011 Section 196 Invoked When :-
Payment to
>Goverment
>RBI
>Corporation Under Central Act, For Time Being Purpose
>Mutual Fund Specified Under Section 10(23D).

If Deductee Specified in These Above Category, Then TDS Not Applicable.