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.
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TDS deduction on payments made to subsidiary of Govt. company
Replies (1)
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.
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.
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