TDS and accouting treatement
This query is : Resolved
Reshma Marathi
(Querist)
07 August 2008
I have a firm A ltd., and deal in X products but there is an other company who just manufactures in my name and under my guidance but their capital with their own formulas and all expenses are theirs and the products so manufactured are sold in my name but i am liable to give them 60% of profits to them should i be liable to deduct them tds and what can i account these expenses.. should i show as royalty
S.Srinivasaraghavan
(Expert)
07 August 2008
What is the arrangement of transfer of profit?
Reshma Marathi
(Querist)
11 August 2008
they tranfer on monthly basis and all through bankers cheque or dds
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