Dear Experts !
Please help me urgently.
Our family business regd under UP Trade tax since 1991 got TIN # subsequently. About 6 months back proprietor died and as per his will another member of family informed UP VAT Deptt the facts and accepted the laibilities and declared an existing stock ( vat paid) of Rs25 Lakhs.
Our legal counsel filed application u/s 75 coupled with rule 33 & filed FORM XII too.He also claimed that TIN # be amended accordingly.
However , the Tax officlas first allowed the plea on file and later onprior to written order cancelled the registration on plea that U/s 35 , a new TIN # has to be applied.
I am not aware of the VAT rules and expect that if liabilty is accepted then the input tax along with stocj transfer should be allowed.
My question is that if there is any merit in the plea taken by my cousel and if so should we go on appeal to tribunal and higher courts.
Regards! I shall be very great ful for the advice soon
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A (DEDUCTOR) is an individual.
A pays professional fees to a Firm / Pvt. Company(DEDUCTEES), for which TDS shall apply.
A makes payment through TDS Challan No.281 under CODE NO.0020 - COMPANY DEDUCTEES.
Deductor A deducts TDS on Deductee B's professional fees and uses the above mentioned challan under the code no.0020.
Is it right that B should be called as COMPANY DEDUCTEE ?
Please confirm the understanding.
A (DEDUCTOR) is an individual.
A pays rent to B (DEDUCTEE), an individual for which TDS shall apply.
A makes payment through TDS Challan No.281 under CODE NO.0021 - NON-COMPANY DEDUCTEES.
Deductor A deducts TDS on Deductee B's rent and uses the above mentioned challan under the code no.0021.
Is it right that B should be called as NON-COMPANY DEDUCTEE ?
Please confirm the understanding.
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