Tds refund implications if nbfc is demerged and company name changes

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a
23 Points Posted on 27 July 2021

Hi,

I have unsecured loan from nbfc, which got demerged during the year and nbfc name changed, so having tds certificate on old name of company (nbfc), how to claim tds refund in this case, company personnels also dont have idea. Please help

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On 27 July 2021 at 18:57 Report
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If you've received a TDS certificate from an NBFC under its old name due to a demerger and subsequent name change, you can still claim your TDS refund. The key is when the demerger occurred. If it happened after March 31st, you should claim it under the old name. Since the TDS was already deducted by the original company, the refund claim process should be straightforward.

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Student
110 Points Posted on 27 July 2021
When was the NBFC Demerged ? If after 31 march then claim by old name

Also TDS already deducted by Old Company So I thnik their are no issues regarding claim of tds to the extent of TDS deducted.
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On 27 July 2021 at 19:58
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Chartered Accountant
24588 Points Posted on 27 July 2021
Agreed
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On 27 July 2021 at 22:19
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a
23 Points Posted on 28 July 2021

Co. Is demerged on 1.1.2021

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On 28 July 2021 at 12:05

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