Tds deduction while payment through dd

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 February 2018 AFFIRMATIVE SIR,

CAN I KNOW THAT CAN WE MAKE PAYMENT AFTER DEDUCTING TDS WHILE MAKING PAYMENT THROUGH DD.
THE INVOICE IS BEEN RAISED TO ONE PARTY AND THE PAYMENT IS BEEN DONE BY ANOTHER PARTY THROUGH DD. ALL OF THEM ARE MAKING PAYMENT THROUGH DD ARE DOING WITHOUT DEDUCTING TDS.
LOOKING FORWARD FOR THE SUITABLE ANSWER FOR ABOVE....

B REGARDS.

DEAR SIR,
REFER TO ABOVE QUERY LET ME CLARIFY YOU WHAT WE DO, WE ARE A CONTAINER FREIGHT STATION WHERE WE WORK WITH CHA(CUSTOM HOUSE BROKERS), BUT WHEN A CHA WHO IS NOT HAVING IT'S OWN LICENSE ISSUED BY CUSTOMS AUTHORITY HIRES THE LICENSE FROM ANOTHER CHA TO DO THEIR EXPORT SHIPMENTS BUT THE PAYMENT THEY DO IS ALLOWED ONLY IF IT IS THROUGH LICENCE CHA BANK ACCOUNT OR THROUGH DD(WHICH IS WITHOUT DEDUCTING TDS AMOUNT), SO I JUST WANTED TO KNOW THAT WHY IT IS REQUIRED TO NOT TO DEDUCT TDS WHILE MAKING PAYMENT THROUGH DD.IS THEIR ANY LAW OR RULE IN ACCOUNT TERM THAT THE PAYMENT DONE BY B ON BILL OF A CANNOT DEDUCT TDS.

HOPE THIS COULD CLARIFY MORE ON MY QUERY.

B REGARDS.

10 February 2018 TDS has to be deducted earlier of when payment is made or credit to the party.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details