Whether Transferee company has to deduct tax while taking over liability from transferor company.The transferor company have not done TDS because its below limit for that company.But in Transferee company the said payee is already liable for TDS.
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TDS on liability taken over on Merger
Replies (1)
yes the take over company i s liable to deduct TDS AS ALLTHE ASSETS AND LIAB TAKEN OVER BY THEM
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