TDS deduction on payments made to subsidiary of Govt. company

Hari (1 Points)

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.