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.
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.