Help me out !!!!!!
This query is : Resolved
15 May 2008
XYZ Ltd a listed company merging with PQR Ltd..
The payment has been made by XYZ Ltd to Non-residents after applying TDS provisions and tax has been deducted thereon.
Now after merger PQR Ltd will continue and XYZ ltd will be raising debit note to PQR ltd.
Thus whether tax has to be deducted again at the time of crediting XYZ Ltd in the books of PQR Ltd ?
The payment has been made by XYZ Ltd to Non-residents after applying TDS provisions and tax has been deducted thereon.
Now after merger PQR Ltd will continue and XYZ ltd will be raising debit note to PQR ltd.
Thus whether tax has to be deducted again at the time of crediting XYZ Ltd in the books of PQR Ltd ?
05 April 2012
TDS will be applicable only when any payment covered by TDS provisions is made.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- REGARDING GST ON COMMERICIAL PROPERTY
- Form 26QB for TDS on property
- Residential status for filling income tax returns in India
- DTCP approval
- BLOCKED-INELIGIBLE GST CREDIT
- Amendment of September 2021 Invoice
- GST rate for millets.
- Payable outstanding for years disallowance
- What is paid meaning under form
- Consequences of short and excess provision of expenses
- Provision for income tax and adjustment entry
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
