TDS on Group Company
This query is : Resolved
28 March 2008
A has taken premises on Rent from B and paying monthly Rent. While paying Rent A is deducting TDS on Rent at the rates prescribed u/s 194-I (IT Act).
As the premises being used by A and its subsidiray company C, A is allocating some portion of Rent to C.
Query:-
* Whether C is liable to deduct TDS on Rent paid to A?
* If A is allocating some other office expenses also to C on the basis of certain fixed percentage then whether C is liable to deduct TDS on the payment made to A?
Can the assessing officer may object that C is showing expenses but there
is no TDS has been shown/ deposited by the company in its TDS return ?
Your early reply is highly appreciated.
Best regards
As the premises being used by A and its subsidiray company C, A is allocating some portion of Rent to C.
Query:-
* Whether C is liable to deduct TDS on Rent paid to A?
* If A is allocating some other office expenses also to C on the basis of certain fixed percentage then whether C is liable to deduct TDS on the payment made to A?
Can the assessing officer may object that C is showing expenses but there
is no TDS has been shown/ deposited by the company in its TDS return ?
Your early reply is highly appreciated.
Best regards
28 March 2008
NO C IS NOT REQUIRED TO DEDUCT TDS
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
- 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
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
