Deduction of tds on services of singer

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CA MONIKA GOENKA (Querist)

01 June 2012 there is a college in which event was organised. the head of the event suppose Mr. X has provided advance for incurring the expenditure. out of the advance amount he has paid sum of Rs. 500000/- to Javed ali (well known singer)and the bill of Javed Ali shows that the payment was made to them after deducting TDS. now my question is whether the amount of TDS deducted has to be booked in college?
also the additional information is that the payment was made through bank but from the account of that person to whom the advance was given(Mr. X)-now what will be the accounting effect in the books of accounts of college

Also is there any exemptions for the singers for not deducting tax at source if he provides the PAN No.?
plz resolve this query as early as possible

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

01 June 2012 Actual expenses is for College. so college has to book the expenses along with the TDS. payment mode is not matter for TDS. even we are paying directly or paying through some person or agent, actual TDS has been booked in the books of original expenses where we incurring. so college need to book the TDS and pay the same to Govt.

No exemption for singers for deducting TDS

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