Tds applicability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 January 2013
"A" AN ADVERTISING AGENCY N "B" THIER CLIENT.
A RAISED THREE BILL ON JUNE JULY N AUGUST OF RS 21000 EACH N PAYMENT MADE BY "B" WAS ON SEPTEMBER,AN AMOUNT OF RS 63000 BY MEANS OF CHEQUE IN A SINGLE PAYMENT MODE. MA QUESTION IS WHETHER B HAS TO DEDUCT TDS ON THE PAYMENT TO "A"??????????
A RAISED THREE BILL ON JUNE JULY N AUGUST OF RS 21000 EACH N PAYMENT MADE BY "B" WAS ON SEPTEMBER,AN AMOUNT OF RS 63000 BY MEANS OF CHEQUE IN A SINGLE PAYMENT MODE. MA QUESTION IS WHETHER B HAS TO DEDUCT TDS ON THE PAYMENT TO "A"??????????
Hemant Kumar
(Expert)
22 January 2013
It depends upon Transactions..
If Company "B" has entered single transaction of all three bills in september and then giving the payments of Rs. 63000/- then TDS Should be deducted on 63000/-
but, Company "B" has entered monthwise transaction i.e. 21000 in jun, july, n augast and giving payment to Company "A" in September then no need to deduct TDS on 63000/-
If Company "B" has entered single transaction of all three bills in september and then giving the payments of Rs. 63000/- then TDS Should be deducted on 63000/-
but, Company "B" has entered monthwise transaction i.e. 21000 in jun, july, n augast and giving payment to Company "A" in September then no need to deduct TDS on 63000/-
Hemant Kumar
(Expert)
22 January 2013
It depends upon Transactions..
If Company "B" has entered single transaction of all three bills in september and then giving the payments of Rs. 63000/- then TDS Should be deducted on 63000/-
but, Company "B" has entered monthwise transaction i.e. 21000 in jun, july, n augast and giving payment to Company "A" in September then no need to deduct TDS on 63000/-
If Company "B" has entered single transaction of all three bills in september and then giving the payments of Rs. 63000/- then TDS Should be deducted on 63000/-
but, Company "B" has entered monthwise transaction i.e. 21000 in jun, july, n augast and giving payment to Company "A" in September then no need to deduct TDS on 63000/-
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