banner_ad

Lower deduction certifiate

This query is : Resolved 
Profile Image

Profile Image

(Querist)
20 February 2010 Pls see following case.

ABC Ltd. merged with XYZ Ltd. ason Jun-09 (new name for ABC is now XYZ Ltd.)

ABC Ltd. had recd. Nil TDS deduction certificates from its contractor in the month of apr-09 (in annexure name is given ABC Ltd.)

in this case...
1) Is this Nil TDS deduction certificate will applicable for whole F.Y.09/10 to XYZ Ltd. also?
2) Or XYZ Ltd. have to take new certificate.

Thx
anwar
Profile Image

DEEPIKA GOEL

Profile Image

DEEPIKA GOEL (Expert)
20 February 2010 At the time of merger of two companies, the TDS certificate issued in the name of ABC Ltd. will be applicable to merged entity (i.e. XYZ Ltd.) if it has been approved by the High Court order while approving the policy as submitted to comply the provisions of the Companies Act, 1956.

For clamining the benefit of TDS deduction certificate, it specify the period for which it would be eligible or valid. So, for applicability of TDS deduction certificate you have to look for the period which is mentioned on it.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details