tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 March 2010
Hello,
I am working for a company trading in electricity. My company is purchasing electricity from a company, say A, & paying the amount billed. This com A is paying trasmission charges to another co B transmission chrgs is liable to TDS. In the sale bill, the co A charges our company's share of transmission charges along with all the proofs of payment which we reimburse.
Now my query is whose liability is it to deduct TDS on transmission charges.
If it is my co's liability, then how do we issue TDS cretificate to Co B, as they do not raise a bill on us directly.
Pls help me.
I am working for a company trading in electricity. My company is purchasing electricity from a company, say A, & paying the amount billed. This com A is paying trasmission charges to another co B transmission chrgs is liable to TDS. In the sale bill, the co A charges our company's share of transmission charges along with all the proofs of payment which we reimburse.
Now my query is whose liability is it to deduct TDS on transmission charges.
If it is my co's liability, then how do we issue TDS cretificate to Co B, as they do not raise a bill on us directly.
Pls help me.
Vishnu Saboo
(Expert)
30 March 2010
i beleive, in case of reimbursement to A, you are liable to deduct the TDS of A for your portion, as B is not directly engaged with you vide any contract.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Nursery business
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
