if holding co. or group co. has received a lower rate of TDS certificate u/s 197 then in that case the same lower rate of tds is it applicable to subsidiary or division co.....?
4 Replies
RAVI KUMAR M
(CHARTERED ACCOUNTANT)
(66 Points)
Replied 13 November 2009
| Originally posted by :Dilip | ||
| " | if holding co. or group co. has received a lower rate of TDS certificate u/s 197 then in that case the same lower rate of tds is it applicable to subsidiary or division co.....? | " |
The lower rate of TDS certificate u/s 197 is applicable only to the holding co. or group co
suresh reddy
(ACCOUNTS EXECUTIVE)
(23 Points)
Replied 26 August 2010
IF SUBSIDIARY COMPANY FILING TAX RETURNS SEPERATELY, BENEFIT OF LOWER TDS WILL NOT APPLICABLE. IS IT OR NOT ?
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 26 August 2010
Every company is ditinct legal entity. Thus a provision applicable to Holding co. would not necessarily mean that it is applicable to subsidiary company as well. Thus, the lower rate of TDS certificate u/s 197 is applicable only to the holding co. or group co
Regards,
manoj
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