Company or non-company

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TDS on payments to a firm should be classified as Non Company Deductee code 21. Company Deductee applies only to companies, while firms and HUFs fall under non company category.

Querist : Anonymous

Querist : Anonymous (Querist)

12 November 2013 Dear Sir,

I want to know that, if I deduct any TDS of a firm what will be that, a company deductees (20)or a non-company deductees (21).

Manpalca

Manpalca (Expert)

12 November 2013 Non-Company Deductee (21)

CA Krishna Raj Singh

CA Krishna Raj Singh (Expert)

12 November 2013 Deduct as Non-Company Deductee (21)

Manpalca

Manpalca (Expert)

12 November 2013 Yes. Deductee means the Person for which you have been depositing TDS.
Company Deductee is only for Companies and Non Company Deductee is for others(Firm/HUF).

Manpalca

Manpalca (Expert)

12 November 2013 It doesn't creates any problem but, Depart will come to know about Year Wise Tax Collection From Corporate Assessees and Non Corporate Assessees through this.

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