NON DEDUCTION OF TDS FOR PAYMENT MADE BY SUBSIDIARY COMPANY TO HOLDING COMPANY

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..... NON DEDUCTION OF TDS FOR PAYMENT MADE BY SUBSIDIARY COMPANY TO HOLDING COMPANY
Query (Issue) Started By: - S SHANMUGASUNDARAM Dated:- 16-12-2010 Last Reply Date:- 21-6-2011 Income Tax
Got 1 Rep .....

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..... ly
Income Tax
An 100% Subsidiary compamy has paid the holding company as service charges during the financial year 2007-08. At the time of making payment TDS has not been deducted. The holding c .....

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..... ompany accounted the service charges received from the subsidiary company and paid Tax as applicable. Now the A.O is proposed to disallow the expenditure u/S 40(a)(ia) in the subsidiary company as the .....

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..... subsidiary has not deducted the TDS at the time of making payment. Whether the CBDT Circular No.275/201/95-IT(B) dt.29.01.1997 will be applicable. Reply By Mukesh Kumar: The Reply: That may be rele .....

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..... vant for proceedings under section 201 but is not relevant for disallowance under section 40(a)(ia)
Discussion Forum - Knowledge Sharing .....

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