Reg.applicability of COMPANY DEDUCTEE / NON-COMPANY DEDUCTEE
This query is : Resolved
Guest
Guest
(Querist)
08 October 2009
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 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.
09 October 2009
The code 0020(COMPANY DEDUCTEE) shall be used only when the deductee is a company(Public Ltd. Company/Pvt. Ltd. Company).
In all other cases(ie. indivisual/firm/huf etc.), the code shall be 0021.
Prepare separate challans for company deductee and non company deductee.
In all other cases(ie. indivisual/firm/huf etc.), the code shall be 0021.
Prepare separate challans for company deductee and non company deductee.
25 October 2009
The code of 0020 or 0021 is depend up on the deductee status and not on the status of the deductor.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- 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
Trending Online Classes
CAclubindia
