Acqusition

gopal (future smart stupid) (293 Points)

16 March 2018

When Company pays the payment as consideration for Acqusition of business to other company then,

what are the TDS provisions while paying??

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3 Replies

Nikhil Kaushik (Fellow CA) (85743 Points)
Replied 17 March 2018

depends on what all is included. If there are land or building then 194IA will apply. most of the other assets acquired won't attract any TDS

gopal (future smart stupid) (293 Points)
Replied 21 March 2018

Hey Nikhil... Thanks for the answer.. And how graviky is going on now... I really like the idea of the product... And have seen your pitch also.

Nikhil Kaushik (Fellow CA) (85743 Points)
Replied 21 March 2018

thanks for the appreciation Gopal. We are doing good. trying to scale up

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