Tds deduction
This query is : Resolved
14 January 2012
one Pvt. Ltd."xyz" company raising advertisement & other debit note to their franchisee & one of franchisee is the sister concern "abc" of this company.Debit note raised on this sister concern is expenses of this "abc" concern.
my question, is "abc" is liable to deduct tds on this ad. debit notes?
my question, is "abc" is liable to deduct tds on this ad. debit notes?
14 January 2012
Even if it is the sister concern still TDS provision needs to be complied i.e TDS needs to be deducted from the payment amount and has to deposit within the due date otherwise penalty and interest will be imposed.
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