Tds on fees to ethics committee
This query is : Resolved
24 June 2013
As per Schcule Y of DRUGS AND COSMETICS (IIND AMENDMENT) RULES, 2005,"Clinical trial on a new drug shall be initiated only after the permission has been granted by the Licensing Authority under rule 21 (b), and the approval obtained from the respective ethics committee(s)."
Now our Company is required to submit fees of Rs.50,000/- and Rs.30,000/- to two Ethics Committees of two seperate hospitals to take the Approval of clinical trials.
Please guide the applicability of TDS provision on the same and why.
Now our Company is required to submit fees of Rs.50,000/- and Rs.30,000/- to two Ethics Committees of two seperate hospitals to take the Approval of clinical trials.
Please guide the applicability of TDS provision on the same and why.
29 August 2013
My view,It is nature of Government payment,hence TDS not apply
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Confusion around Form 26QB fields
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Disallowance of Section 43B(h) to sez units
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- GST Regis.
- Sale of property furniture sale
- Is correct way to find out capital of individual on 31st March
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
