applicability of tds

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..... applicability of tds
Query (Issue) Started By: - sid chakravarthy Dated:- 28-8-2012 Last Reply Date:- 28-8-2012 Income Tax
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Income Tax
Sir , Our Municipal Corporation is payi .....

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..... ng an amount of Rs 22000.00 per month for a period of 99 years to Commandant ,APSP II batalian for site allottment for the construction of a over head water tank for public porpose. In this connecti .....

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..... on, I would like to know whether it attracts income tax under TDS and if so what is the rule position. urs chakravarthy s.n. Reply By CA GOPALJI AGRAWAL: The Reply: You have to see whether income .....

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..... of Commandant APSP is exempt u/s 10 (23AA). If yes, then no tax would be deducted. Normally such armed forces are exempt.
Discussion Forum - Knowledge Sharing .....

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