Tds on capital gain on business acquisition
This query is : Open
14 December 2013
Dear Experts,
A partnership firm is taken over by a Public Limited unlisted company and the company has deducted TDS on consideration amount u/s 194J.
1. Is TDS applicable?
2. If yes then under which section?
A partnership firm is taken over by a Public Limited unlisted company and the company has deducted TDS on consideration amount u/s 194J.
1. Is TDS applicable?
2. If yes then under which section?
14 December 2013
As per your query....Section 50B will apply wherein the Business is trf on consideration....
Section 194 J will not apply
Section 194 J will not apply
14 December 2013
but sir how is it possible to deduct TDS u/s 50C, there is no such section in TDS provision?
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