TaxTMI 
TaxTMI 
NON DEDUCTION OF TDS FOR PAYMENT MADE BY SUBSIDIARY COMPANY TO HOLDING COMPANY
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....ON DEDUCTION OF TDS FOR PAYMENT MADE BY SUBSIDIARY COMPANY TO HOLDING COMPANY<br> Query (Issue) Started By: - S SHANMUGASUNDARAM Dated:- 16-12-2010 Last Reply Date:- 21-6-2011 Income Tax<br>Got 1 Repl....
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....y<br>Income Tax<br>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 co....
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....mpany 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 relev....
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....ant for proceedings under section 201 but is not relevant for disallowance under section 40(a)(ia)<br> Discussion Forum - Knowledge Sharing ....