Tds aplicabilty

This query is : Resolved 

03 September 2011 Entry Tax of Rs 100000/- on Raw Materials is to be reimbursed to x company.

whether TDS attacts or not? if yes under which section

03 September 2011 No, TDS is not applicable on Entry Tax, further its' state subject to levy entry tax.

03 September 2011 tds is not applicable on entry tax


03 September 2011 TDS is not applicable on Entry tax

03 September 2011 TDS is effected at the source when income arises or accrues. Reimbursement of Entry Tax will not result into income to the recipient.
Hence TDS is not applicable



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