Tds
This query is : Resolved
17 January 2013
An investment company earned dividend of Rs. 10,00,000. It received Rs. 9,50,000 through broker after deduction of accounting fees charged of Rs. 50,000 by broker.
Is there TDS liability arises on company? if yes under which section??
Is there TDS liability arises on company? if yes under which section??
17 January 2013
first of all
TDS is on payment
but in your case company is receiving the money. So no TDS liability of company.
means it will not deduct TDS on broker fee
TDS is on payment
but in your case company is receiving the money. So no TDS liability of company.
means it will not deduct TDS on broker fee
18 January 2013
Agree with the expert,
Always remember that tds liability is never on income it is on expense.
Always remember that tds liability is never on income it is on expense.
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