Tds limit calculated on whole division or ????
This query is : Resolved
03 February 2012
TDS Limit say, Payment to Contractor-- Rs.75,000.
Calculated on Whole Division or on single company forming part of that division.
For eg: one common supplier for 2 companies & that companies are part of a single Division.
TDS limit-- where to apply on whole division or on single company????
Calculated on Whole Division or on single company forming part of that division.
For eg: one common supplier for 2 companies & that companies are part of a single Division.
TDS limit-- where to apply on whole division or on single company????
Guest
Guest
(Expert)
03 February 2012
TDS limit will apply on single company as they have separate identity
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03 February 2012
Each company is separate assessee in the eyes of IT Law, so Limit is also applied individually to each company.
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03 February 2012
Agreed with Mr Ashwin and Mihir. Since they are different entities they will be having different PAN also. You cannot club group as a whole. Ex. TATA Group :
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