Company or non-company

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 November 2013 Dear Sir,

I want to know that, if I deduct any TDS of a firm what will be that, a company deductees (20)or a non-company deductees (21).

Manpalca

Manpalca (Expert)
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12 November 2013 Non-Company Deductee (21)

CA Krishna Raj Singh

CA Krishna Raj Singh (Expert)
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12 November 2013 Deduct as Non-Company Deductee (21)

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Manpalca

Manpalca (Expert)
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12 November 2013 Yes. Deductee means the Person for which you have been depositing TDS.
Company Deductee is only for Companies and Non Company Deductee is for others(Firm/HUF).

Manpalca

Manpalca (Expert)
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12 November 2013 It doesn't creates any problem but, Depart will come to know about Year Wise Tax Collection From Corporate Assessees and Non Corporate Assessees through this.