TDS eligibility
This query is : Resolved
J BALACHANDAR
(Querist)
20 July 2010
Dear Sir/ Madam
By giving a personal cheque of an employee on behalf of the company,for payment towards erection charges say Rs 40000/- , is TDS gets attracted.
Doubt lies in company cheque not given and amount credited in employee account and from his account the payment was made.
By giving a personal cheque of an employee on behalf of the company,for payment towards erection charges say Rs 40000/- , is TDS gets attracted.
Doubt lies in company cheque not given and amount credited in employee account and from his account the payment was made.
Sunil Kr. Sanganeria
(Expert)
20 July 2010
TDS gets attracted because the expenses will be booked in Company
20 July 2010
IF Bill of expenses incurred in the name of company. Then TDS will be deducted even if payment made by employee on behalf of company from his personal account.
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