if holding co. or group co. has received a lower rate of TDS certificate u/s 197 then in that case the same lower rate of tds is it applicable to subsidiary or division co.....?
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Lower rate of TDS u/s 197
Replies (4)
| Originally posted by :Dilip | ||
| " | if holding co. or group co. has received a lower rate of TDS certificate u/s 197 then in that case the same lower rate of tds is it applicable to subsidiary or division co.....? | " |
The lower rate of TDS certificate u/s 197 is applicable only to the holding co. or group co
IF SUBSIDIARY COMPANY FILING TAX RETURNS SEPERATELY, BENEFIT OF LOWER TDS WILL NOT APPLICABLE. IS IT OR NOT ?
Every company is ditinct legal entity. Thus a provision applicable to Holding co. would not necessarily mean that it is applicable to subsidiary company as well. Thus, the lower rate of TDS certificate u/s 197 is applicable only to the holding co. or group co
Regards,
manoj
Agreed with Manoj.
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