TDS on Barter deal
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 March 2010
Dear All,
Can v deducted TDS on barter deal and if Yes or no how v pass in accounting effect.please provide me solution on this issue.
Barter deal is 200000/- from each side.He was provide me advertisment and my company provide rent a car.
With Regards,
Girish
Can v deducted TDS on barter deal and if Yes or no how v pass in accounting effect.please provide me solution on this issue.
Barter deal is 200000/- from each side.He was provide me advertisment and my company provide rent a car.
With Regards,
Girish
Shyam Lal Naik
(Expert)
27 March 2010
Both parties must have credited each other with an amount of Rs. 2L. TDS attracted on crediting of the amount to the account of the payee. Both party must deduct TDS on 2L as per applicable sections.
Mode of discharge is not relevant.
Mode of discharge is not relevant.
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