Tds on reg charges paid to sebi?
This query is : Open
15 December 2012
Mr.X a member is SEBI and he paid Rs. 500000 as renewal fee.
Is he should Deduct tax on payment made to SEBI for license renewal fee.
If it is deductible under it comes under 194 J or other section.
Guide me…….
Thank in advance
Is he should Deduct tax on payment made to SEBI for license renewal fee.
If it is deductible under it comes under 194 J or other section.
Guide me…….
Thank in advance
17 December 2012
As per Section 25 of the SEBI Act, 1992;
“Notwithstanding anything contained in the Wealth Tax Act, 1957, the Income Tax Act, 1961 or any other enactment for the time being in force relating to tax on wealth, income, profits or gains -
(a) the Board;
(b) the existing Securities and Exchange Board from the date of its constitution to the date of establishment of the Board, shall not be liable to pay wealth-tax, income-tax or any other tax in respect of their wealth, income, profits or gains derived.”
Therefore, in view of the above, you need not deduct TDS.
For more information you may contact;
Email: cabrijesh@yahoo.co.in
Mobile-9312412020
“Notwithstanding anything contained in the Wealth Tax Act, 1957, the Income Tax Act, 1961 or any other enactment for the time being in force relating to tax on wealth, income, profits or gains -
(a) the Board;
(b) the existing Securities and Exchange Board from the date of its constitution to the date of establishment of the Board, shall not be liable to pay wealth-tax, income-tax or any other tax in respect of their wealth, income, profits or gains derived.”
Therefore, in view of the above, you need not deduct TDS.
For more information you may contact;
Email: cabrijesh@yahoo.co.in
Mobile-9312412020
Message likes :
1 times
18 December 2012
Please consider the following case and post Ur command
http://taxguru.in/income-tax/tds-194j-deductible-transaction-charges-paid-bse-fees-technical-services.html
http://taxguru.in/income-tax/tds-194j-deductible-transaction-charges-paid-bse-fees-technical-services.html
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- 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
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
