Santosh Bhosale (STUDENT) (28 Points)
14 July 2011ABC Pvt. Ltd company is partner in partnership firm m/s XYZ. PQR Pvt. Ltd a company deducted TDS under Contractor category @ 2% of m/s XYZ. Question is that, should such Deduction of TDS considered under corporate deductee code (1)? And respective payment of TDS and Return filing of the TDS of this transaction comes under Company?
In short, could we consider M/s XYZ is company for TDS return Filing and payment of TDS?
Santosh Bhosale
(STUDENT)
(28 Points)
Replied 14 July 2011
| Originally posted by : Santosh Bhosale | ||
 |
ABC Pvt. Ltd company is partner in partnership firm m/s XYZ. PQR Pvt. Ltd a company deducted TDS under Contractor category @ 2% of m/s XYZ. Question is that, should such Deduction of TDS considered under corporate deductee code (1)? And respective payment of TDS and Return filing of the TDS of this transaction comes under Company? In short, could we consider M/s XYZ is company for TDS return Filing and payment of TDS? |
 |
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 14 July 2011
0020 company deducte (pvt.ltd. or public ltd.)
0021 non company deductee ( individual, huf, firm)
no such code (1) exists.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 14 July 2011
XYZ is "FIRM" and TDS rules applied on XYZ as firm
Santosh Bhosale
(STUDENT)
(28 Points)
Replied 14 July 2011
| Originally posted by : U S Sharma | ||
|
|
XYZ is "FIRM" and TDS rules applied on XYZ as firm thank you... but, In TDS return 26Q, could we have to considered as Company to XYZ for Return filing or Non-Company? and TDS deducted of XYZ paid to Income tax considering XYZ as a company? |
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U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 14 July 2011
you have to deduct TDS on pan submitted to you, not on their internal structure, i realize that pan submitted to yourself is of FIRM, so you are entitled to deduct from firm and submit return of xyz as rirm only
Mr. Mishra
(Others)
(95 Points)
Replied 21 July 2017
| Originally posted by : U S Sharma | ||
|
0020 company deducte (pvt.ltd. or public ltd.) 0021 non company deductee ( individual, huf, firm) no such code (1) exists. |
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Such Code Exists, when you fill e-TDS return using RPU for form 26Q (27th Column, Annexure-I Deductee-Details)
Deductee Code 1 = Company
Deductee Code 2 = Other than Company
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