Respected sir/mam,
I m santosh kumar(cs. inter) student..I just wants to know the applicability of tds for NGOs and the areas on which TDS should be charged.
regards,
santosh
santosh kumar sahoo (accountant) (28 Points)
30 June 2011Respected sir/mam,
I m santosh kumar(cs. inter) student..I just wants to know the applicability of tds for NGOs and the areas on which TDS should be charged.
regards,
santosh
C.A SHASHANK GOYAL
(Chartered Accountant)
(362 Points)
Replied 04 July 2011
NGO in my opinion are very well covered under the definition of person u/s 2(31) , it is body of individual formed for "Not for profit purpose".
All TDS sections will applly to NGO reason being exemption in some TDS section are given to individual or huf who have not crossed out limit of turnover u/s 44AB , since it is BOI no exemption will be available .
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