Payment to third party on his behalf
This query is : Resolved
Suman Saha
(Querist)
24 May 2018
We have Entered a Agreement towards Erection & Commission of Solvent Plant With XYZ(PLC) Party. But XYZ Party has sublet Fabrication Work to ABC(Individual) and Asked us to Make Payment on his behalf to ABC for Mobilization & Fabrication Work at Site. Please Suggest can i make payment of ABC and Debit to XYZ and What Rate of TDS Should I Deducted from Advance Payment, Whether 1% or 2%.
CA R SEETHARAMAN
(Expert)
24 May 2018
Yes, you can make payment of ABC and Debit to XYZ. Deduct TDS at 2% as contract is with XYZ.
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