TDS

This query is : Resolved

Guest

Guest (Querist)

27 April 2011 Dear All,

i want to know whether we have to pay TDS on behalf of our client,

for example: we have raised an invoice for Rs.10000 and the client doesnot deduct TDS and pay us the entire amount, so do we need to deduct and pay 10% of the amount to the dept?

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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27 April 2011 No...You are not supposed to deduct the TDS.

By the way.. can u specify the exact nature of payment recd ?

BHAI(SAI) DUPARE

BHAI(SAI) DUPARE (Expert)
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27 April 2011 You can deposit Tds Against Client of Tan No. But don't forget to inform 2 them for the purpose of etds return.
If client is not registered for TAN. so not required to Deduct TDS.

Guest

Guest (Querist)

28 April 2011 K, my colleague has a doubt, , his question is, if we pay tax on behalf of client we need to pay less income tax during the year, or else we need to pay more, can anyone clarify this, i didnt understand how?

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