TDS u/s 194C
This query is : Resolved
CA Ashok Shah
(Querist)
11 April 2009
will TDS u/s 194c attract when business transction are made for which payment is made between the companies with same managment,same directors with same holding of shares???
can answer be changed if one company is holding the shares of other sister group company having same management???
can answer be changed if one company is holding the shares of other sister group company having same management???
Ashish Aggarwal
(Expert)
12 April 2009
Each Company is seperate legal entity with a seperate PAN No. Therefore it doesnot matter whether companies are under same management or under holding subsidiary relationship. TDS has to be deducted u/s 194C.
O.D.SHARMA
(Expert)
12 April 2009
Management & Directors are immaterial,Once a company deals as an entity to other company.These are transactions /Contracts to be goverend by TAX.All sections are applicable not only 94C.
CA Nitin Wadhwani
(Expert)
12 April 2009
Yes.
TDS is applicable.
TDS is applicable.
12 April 2009
tds will be applicable in this cases
Deepak Goel
(Expert)
13 April 2009
TDS will applicable even the same management or different management because every company or firm or individual separate entity.
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