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TDS on gratuity for employees trf

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(Querist)
27 February 2010 If the employees of one group company are transferred to another group company & their Gratuity balance is also trf to the other group company. Does making payment to the company anyway liable to TDS

Also, what will be the treatment in the books of both the companies.

Thanks
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CA SIDHARTH HIRALAL PATNI

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CA SIDHARTH HIRALAL PATNI (Expert)
27 February 2010 the above transfer is not covered by TDS provisions. i.e it is not liable to TDS provisions.
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
02 March 2010 agree it is not covered by TDS provisions
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