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Tds


16 January 2015 Whether payment to universities is subject to TDS ?? Do we have to deduct TDS or is Sec 196 of Income Tax Act is applicable for this payments.

Kindly reply

16 January 2015 pls mention the nature of payment made to them?

16 January 2015 its payment made by trust to universities on contract basis


16 January 2015 see i need to know the purpose of making such payment?

16 January 2015 An educational trust is entered into a contract with university and the trust is making a payment to university. Do we have to deduct tds

16 January 2015 i understood that but contract is made for what purpose and how much is the amount as we need to check whther sec 194C is applicable or not?

16 January 2015 you are collecting the fee and pay fee as per university norms agreement on regular basis then you have to deduct the tds u/s 194c

19 January 2015 194C is applicable when university makes paymnet to contractor and also Income of university is exempt from tax U/S 10(23)..
Do we need to deduct tds on the payment to university which is exempt from income tax...




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