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Tds at concessional rate u/s 197

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(Querist)
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
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
20 August 2014 Since each assessee is independent and separate Y has to procure separate 197 certificate
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Rupesh Jain

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Rupesh Jain (Expert)
20 August 2014 no every assesse have separate PAN the you have to apply separately.




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