TDS on gratuity for employees trf
This query is : Resolved
CA Jaspreet Singh
(Querist)
27 February 2010
If the employees of one group company are transferred to another group company & their Gratuity balance is also trf to the other group company. Does making payment to the company anyway liable to TDS
Also, what will be the treatment in the books of both the companies.
Thanks
Also, what will be the treatment in the books of both the companies.
Thanks
27 February 2010
the above transfer is not covered by TDS provisions. i.e it is not liable to TDS provisions.
CMA Arif Farooqui
(Expert)
02 March 2010
agree it is not covered by TDS provisions
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