TDS on Group Company
This query is : Resolved
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- TDS Deducted AY-2013-14 Not Reflected in 26as
- ADVANCE PAYMENT OF ADVOCATE
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- GST rate and HSN code for sale of racing horses
- Eway bill generation from place other than registeted
- REGARDING ANNUAL RETURNS FILLINGS OF A COMPANY INCORPORATED ON 28.03.2025
- TDS Return Q1 FY 2026-27
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
