27 May 2010
I paid some expenses which belongs to my company from my credit card and company pay me by cheque. Here whose responsibility is to deduct TDS and when?
27 May 2010
The company which is booking the expenditure should deduct TDS if the expenditure is covered under any of the section of chapter XVII. Since the expenditure has already been paid in this case, the company should gross up the expenditure u/s 195A and deduct and pay TDS accordingly.
CAclubindia
