TDS on Hypothecation
This query is : Resolved
22 October 2008
Suppose we have given a contract to A and the contract is hypothicated by B,now A raised the bill to us which is subject to deduct TDS and the total amount is financed by B.How we will treat the TDS amount, if we deduct TDS from A then there will be a balance remains as the whole amount is already financed by B.Plz help.
23 October 2008
Nature of contract involving hypothecation and TDS provision is not clear. Pl elaborate.
24 October 2008
The contract is for labour charges.and the whole bill is financed by other party.
S.Srinivasaraghavan
(Expert)
25 October 2008
As far as you are concerned if your dealings are with A, why should you worry about what B has done to A?
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