TDS Deduction in INCOME UNDER THE HEAD OTHER SOURCES
This query is : Resolved
CA Vijeta Verma
(Querist)
30 July 2010
how to identify whether the information given in the ques requires to be grossed up or not?
like if it is given 7.2% debentures of ABC ltd?...should tds be deducted or not??
secondly how to identify the company is govt company for the purpose of tds deduction???
if nothing is mentioned in the que regarding whether the security,debentures are litsed or not,,then what should be assumed??
and if nothing is specified about the amt i.e. whether it is net or gross,then what should be assumed????
pls guide in all these matters..
regards
like if it is given 7.2% debentures of ABC ltd?...should tds be deducted or not??
secondly how to identify the company is govt company for the purpose of tds deduction???
if nothing is mentioned in the que regarding whether the security,debentures are litsed or not,,then what should be assumed??
and if nothing is specified about the amt i.e. whether it is net or gross,then what should be assumed????
pls guide in all these matters..
regards
CMA Ramesh Krishnan
(Expert)
02 August 2010
Unless Questions not expressing the Net value, you can considered as gross only
also a simple note can be given with your answers how yo treated The amount whehter gross or net and listed securites or govt securites will give clarity about your answers to the valuer
also a simple note can be given with your answers how yo treated The amount whehter gross or net and listed securites or govt securites will give clarity about your answers to the valuer
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