Please Help: INCOME TAX ACT,1961
Posted Date : 17-Jan-2012 , 01:01:48 pm | Posted By: Sonu Mittal
Category :
Income Tax | Answers :
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Comments :
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for the purpose of deduction of tax at source we have to check the limit u/s 194C on branch As well as head office. |
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Answers:
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 Answer by: Lavina Bajaj |
| the section says where the aggregate amount doesnot exceeds the limits specified there is no need to deduct TDS. so from the point of view of decuctor of the TDS the aggregate amount of branch as well as HO has to be taken into consideration.
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| Answer by: PRIYANKA |
| Yes, It is obvious that both branch and Head office would be operating under same TAN no., so payments made both from branch and HO have to be considered for checking the limit under any particular section. But if for any reason, they are operating under different TAN no.s, then the scene would be different and payments made by each of them would be considered under their respective TAN no.s seperately for calculating the limit u/s 194C or any other section for deducting tax at source.
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| Answer by: Mrattunjay |
| Yes have to be considered
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| Answer by: Mrattunjay |
| IS any other specific querry, please come again. so many case laws available
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| Comments |
| Posted By : Lavina Bajaj |
18-Jan-2012, 11:40:12 |
| dear Mr. ajay before answering kindly check the ACT and than answer to the query..
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| Posted By : Ajay Kumar Dadhich |
17-Jan-2012, 08:00:28 |
| Hi Sonu
I don't agree with the above answer posted because if the TAN of branch and headoffice are different then the limit has to be checked seperately for branch and headoffice. |
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| Posted By : Rishabh Upadhyay |
17-Jan-2012, 06:42:31 |
| Entire Payments to an assesse (both branch as well as HO) is to be considered,, not the branch level payments |
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| Posted By : |
17-Jan-2012, 04:36:49 |
| Dear Sonu, rightly answered by Lavina Ji, it has to be seen from the point of view of Company and not branch.
Hope you got the answer you were looking for, have a nice day |
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