Tds liability on payment to association whose income exempt
This query is : Resolved
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
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
23 September 2011
Hi,
Exemption doesn't mean NO TDS .TDS will appy to 10(21) & on submission of return refund will be claimed.
Exemption doesn't mean NO TDS .TDS will appy to 10(21) & on submission of return refund will be claimed.
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