Yahoo India Web Search

Search results

    • Exempted from paying any income tax

      • Prasar Bharati has been exempted from paying any income tax, with the smooth passage of the Finance Bill in the Lok Sabha.
      taxguru.in/income-tax/budget-2012-prasar-bharati-exempted-income-tax.html
  1. People also ask

  2. As you are aware, the income of Prasar Bharati is exempt from income tax under section 10(23BBH) of Income tax Act 1961 and no TDS is required to be deducted in the light of provision of section 196 of Income Tax Act, 1961.

    • Prasar Bharati

      Please refer to the office letter under reference no. 1...

  3. Dec 11, 2018 · Reg. Deduction of Income Tax (TDS) by clients banks and other. By. Prasar Bharati - December 11, 2018. 0. 247. ... Prasar Bharati Disclaimer Contact Us Help Sitemap.

  4. prasarbharati.gov.in › pbcircular › Finance_WingPrasar Bharati

    Please refer to the office letter under reference no. 1 through which it was requested that it should be ensured that no income tax TDS is deducted by any person including banks from any sum payable to Prasar Bharati tn the light of provisions contained in section 10(23BBH) and section 196 of Income Tax Act, 1961.

  5. Oct 22, 2019 · As per CBDT, no tax is required to be deducted in case following points are satisfied by the institution: 1. Such institutions income is unconditionally exempt under Section 10 of Income tax Act, and. 2. They are also statutorily not required to file returns under section 139 of the Act.

  6. May 29, 2017 · The Central Board of Direct Taxes (CBDT) today issued revised list of entities which are exempted from payment of TDS. The present circular changes the earlier circulars issued in 2002 and 2015 which exempted the payment of TDS for the payment towards entities whose income is unconditionally exempt under section….

  7. Recently, the Supreme Court in the case of Prasar Bharti1 (the taxpayer) held that payments made by the taxpayer to advertising agencies are ‘commission’ under Section 194H of the Income-tax Act, 1961 (the Act). Therefore, the taxpayer has an obligation to deduct tax at source while making payments to such advertising agencies.

  8. Apr 19, 2018 · Commission paid by organizations to advertising agencies for securing business has consistently attracted deduction of tax at source. The most shocking thing is that Prasar Bharati which also offers commission to advertising agencies has merrily increased business and gone scot-free many times.