Tds

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Querist : Anonymous

Querist : Anonymous (Querist)

23 November 2013 payment to universities whether it is Government or Private attracts Tds

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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23 November 2013 In any case applicability of TDS also depends upon the nature of payment and by whom it is made.
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Please mention the purpose for which payment is being made.
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Querist : Anonymous

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23 November 2013 Tds on proffesional services provided to universities 194j

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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23 November 2013 Yes. it shall be applicable.

Querist : Anonymous

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24 November 2013 If it is government . then

Nikhil Kaushik

Nikhil Kaushik (Expert)
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24 November 2013 yes. no deduction is applicable if the institute is covered under Section 196. But you need to check whether the particular university is covered or not. So check with the accounts team of the university before deducting. Because often it happens that some institutes are not required to file income tax returns are forced to do so just to claim refund of taxes.