banner_ad

TDS deduction on payments made to subsidiary of Govt. company

TDS 748 views 1 replies
User Avatar

1 Points Posted on 10 August 2020

Hi all, Hope you are well, i have a doubt regarding the deduction of TDS on payments made to SBI CAP Trustee since it is a subsidiary of Govt company SBI. Is TDS required to deducted since SBI is a govt. company and SBI CAP trustee is its subsidiary,?? Please help. 

Reply Share Follow
On 10 August 2020 at 15:23 Report
Replies (1)
User Avatar

Tax and Business Consultant
11616 Points Posted on 10 August 2020
Both are separate legal entity in eyes of law.
Both have a seprate PAN number and all other things..TDS is deducted as per Act, if applicable. it doesn't matter whether both are related to each other or not.

Note : Even husband deduct TDS of wife, if transaction attract TDS provision.
66 Reply
On 10 August 2020 at 20:47


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
02 May 2026
Experience Audit Manager

AGGARWAL SAMIR & CO

New Delhi

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
29 April 2026
Internal Auditor

SNCO

Mumbai

CA Inter

View Details
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details