TDS on debit note
This query is : Resolved
24 December 2010
Hi,
One of my vendors is doing some contract work for me and he is claiming service charges for this as as bill and i am deducting TDS 2% contract for the services provided on the total value of the bill.
He is also getting some items for me and claiming it as debit note along with the bill supporting and not asking any additional charges on those bills. Now my question is whether i have deduct TDS on this debit note or not??
One of my vendors is doing some contract work for me and he is claiming service charges for this as as bill and i am deducting TDS 2% contract for the services provided on the total value of the bill.
He is also getting some items for me and claiming it as debit note along with the bill supporting and not asking any additional charges on those bills. Now my question is whether i have deduct TDS on this debit note or not??
CA Manikandan.A.V
(Expert)
24 December 2010
you need to deduct TDS on such debit notes, as TDS is deductible even on reimbursements.
24 December 2010
Also refer >> https://www.caclubindia.com/share_files/tds-rate-chart-fy-2010-11-ay-2011-12--26034.asp >> https://www.caclubindia.com/share_files/files_download.asp?files_id=33659 <<<
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