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TDS ON Professional Services Provided by IIT

Purushottam J. Dhamale (Student CA IPC / IPCC) (28 Points)

15 February 2022

Is TDS applicable on payment made to IIT for professional services provided by it.

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4 Replies

Eswar Reddy S (CFO- at NHTF) (58263 Points)
Replied 15 February 2022

Yes..194J , 10%

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Purushottam J. Dhamale (Student CA IPC / IPCC) (28 Points)
Replied 16 February 2022

they are saying that they are exempted under sec 10 (23 C) & hence tds is not applicable on any payment made to them

sabyasachi mukherjee (27121 Points)
Replied 16 February 2022

Sec 10(23C) is applicable for income from mutual fund it is exempted under the Income Tax Act. This is seperate ,service rendered by any individual in the nature of professional service is subject to deduction of tds @ 10%

Purushottam J. Dhamale (Student CA IPC / IPCC) (28 Points)
Replied 17 February 2022

For mutual funds Sec 10(23 D) is Applicable. They are claming exemption as educational institute under Section 10(23C) sub clause iiiab. Services are provided by IIT uder Dept of Civil Eng. . Even their GST Registration says Gov Dept.