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Applicability of tds for amount paid to hospital towards training provided to students of pharmacy college
One of our Clients(a Pharmacy College) entered into an agreement with NIMS for providing training to students for that the college will pay them an amount, my query is wether TDS is attracted. if apllicable under which section is it applicable as far as i concern college should deduct tds u/s 194j. Please help me with regards to this
Thanks
Kiran
Replies (3)
Rate applicablle is 2% as this is conmtractual in nature
Sec 194C is applicable. Hence limits of Rs 30,000/- and Rs. 75,000/- (aggregate) is to be applied, If your client is an indiviadual then TDS of 1% is applicable else it will be 2%.
Regards CA Shivani Mittal
Thank you sir.Now i got more clarity as the agreement is in between college and Nims and not between college and doctors.so,194C is apllicable.
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