How to deduct TDS on branch with same PAN number

TDS 530 views 2 replies

I am a Rental Dealer we Provide Laptop on Rent. We have two Branches with same PAN number one in Delhi and Second in Mumbai.

If one Branch give laptop to another branch on rent for further renting purpose to their client.

So my question is shall one branch have to deduct TDS on another Branch if yes then How will the TDS be submitted, because both branches have the same PAN Number.

Replies (2)
This transition is not applicable TDS and it's not rental. Also it's inter change of assets... So, Don't be book rental and don't be deduct TDS...
Only applicable Indirect Taxes not applicable Direct Tax....

Thanks for the help sir. also please explain "Inter Change of Assets" and if possible please share any section / document for the same. 

And what will be the value of such Inter Change (Under GST)

 


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