Whether Transferee company has to deduct tax while taking over liability from transferor company.The transferor company have not done TDS because its below limit for that company.But in Transferee company the said payee is already liable for TDS.
Menu
TDS on liability taken over on Merger
Replies (1)
yes the take over company i s liable to deduct TDS AS ALLTHE ASSETS AND LIAB TAKEN OVER BY THEM
Recent Threads
- Inverted Rate structure .
- Exemption to be climed
- GST TDS u/s 51 Applicability on RBI and it's subs
- Time allowed to buy another asset
- ITR not processed for the FY 2024-25
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
Related Threads
CAclubindia
