30 July 2016
If employee purchase a Telephone connection of his name for company work and company pay directly to vendor(Tata DoCoMo,Airtel,Vodafone) etc. Can some one let me there is any doubt in accounting.
Please Suggest
01 August 2016
The arrangement of employee purchasing the telephone and getting reimbursement from the company should be as per the policy of the company and the same should be applicable to all the employees. If it is given to only one employees / few employees, the same would be treated as personal expenses.
30 August 2016
Dear Team,
mam please resolved this enquiry
please let me know our company has service provider company there is any service tax liable on foreign payment received against advertisement Services given to client.
suppose client had done a payment from foreign but we found that he has run indian associate firm/partnership firm in india.
but the data of this firm is not available on the government sites and we can't rectify that the same firm run that person.
please suggest there is any tax liability on our company.
30 August 2016
In such situation, where you are aware that the client has a associate / partnership firm in India, you can obtain the PAN or find out whether they have any permanent establishment in India. If you are aware that there is permanent establishment, TDS has to be deducted. However, in case of online payments made to Google or Facebook in most of the cases TDS are not deducted and the payment is made by credit / debit card. In such cases, TDS need not be deducted but a note has to be provided in the financial statement.
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