Easy Office
LCI Learning

Tds liability on payment to association whose income exempt

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 September 2011 Q. "Electrical Research and Development association" has been granted exemption u/s 10(21) of Income tax act 1961.

Pl. confirm whether any payment made for testing etc. charges to Electrical Research & Development Association will attract TDS Liability.

Pl. also refer circular/notification in this regard.
Thanks
Profile Image

O.D.SHARMA

Profile Image

O.D.SHARMA (Expert)
23 September 2011 Hi,
Exemption doesn't mean NO TDS .TDS will appy to 10(21) & on submission of return refund will be claimed.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links