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Rule 37ba(2) Relating to tds

zanis 0071 (68 Points)

15 October 2021

can anyone explain this..relating to tds I don't understand...?

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CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 15 October 2021

(2) [(i) Where under any provisions of the Act, the whole or any part of the income on which tax has been deducted at source is assessable in the hands of a person other than the deductee, credit for the whole or any part of the tax deducted at source, as the case may be, shall be given to the other person and not to the deductee :

Provided that the deductee files a declaration with the deductor and the deductor reports the tax deduction in the name of the other person in the information relating to deduction of tax referred to in sub-rule (1).]