Tds at concessional rate u/s 197
This query is : Resolved
20 August 2014
X pvt ltd a HOLDING COMPANY has received a certificate from IT Dept for Deduction of TDS at concessional rate u/s 197. Can 'Y' pvt ltd which is subsidiary company of the X pvt ltd Co. also deduct TDS at concessional rate with same certificate wherein the subsidiary company's name is not mentioned in the certificate
20 August 2014
Since each assessee is independent and separate Y has to procure separate 197 certificate
20 August 2014
no every assesse have separate PAN the you have to apply separately.
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