Weather Tds is to be deducted on payment made to central railway u/s 194I
Is there any provision for non dedction of TDS for payment made to Govt. Please reply .
4 Replies
Nikhil Kumar
(CA , Qualified CPA)
(910 Points)
Replied 16 January 2009
As per section 196, TDS is not to be deducted on payments made to govt.
sheetal
(CA)
(105 Points)
Replied 16 January 2009
| Originally posted by :Nikhil Kumar | ||
| " | As per section 196, TDS is not to be deducted on payments made to govt. | " |
Sec 196 says time limit for payment of tds to Govt and not saying that TDS is not to be deducted on payments to Govt.
CA. Ashok shah
(CHARTERED ACCOUNTANT)
(333 Points)
Replied 16 January 2009
Refer Circular No. 699 dt. 30th January, 1995. If payee is Government /Local authorities, there is no requirement to deduct TDS on payment of Rent u/s.194I.
sheetal
(CA)
(105 Points)
Replied 16 January 2009
Thank you sir for circular. It is very helpful to me.
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