TDS on Group Company
This query is : Resolved
Suryakant Rastogi
(Querist)
28 March 2008
A has taken premises on Rent from B and paying monthly Rent. While paying Rent A is deducting TDS on Rent at the rates prescribed u/s 194-I (IT Act).
As the premises being used by A and its subsidiray company C, A is allocating some portion of Rent to C.
Query:-
* Whether C is liable to deduct TDS on Rent paid to A?
* If A is allocating some other office expenses also to C on the basis of certain fixed percentage then whether C is liable to deduct TDS on the payment made to A?
Can the assessing officer may object that C is showing expenses but there
is no TDS has been shown/ deposited by the company in its TDS return ?
Your early reply is highly appreciated.
Best regards
As the premises being used by A and its subsidiray company C, A is allocating some portion of Rent to C.
Query:-
* Whether C is liable to deduct TDS on Rent paid to A?
* If A is allocating some other office expenses also to C on the basis of certain fixed percentage then whether C is liable to deduct TDS on the payment made to A?
Can the assessing officer may object that C is showing expenses but there
is no TDS has been shown/ deposited by the company in its TDS return ?
Your early reply is highly appreciated.
Best regards
28 March 2008
NO C IS NOT REQUIRED TO DEDUCT TDS
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