TDS on Hypothecation

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suchandan (Querist)
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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.

CA RAMESH KUMAR AHUJA

CA RAMESH KUMAR AHUJA (Expert)
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23 October 2008 Nature of contract involving hypothecation and TDS provision is not clear. Pl elaborate.

suchandan

suchandan (Querist)
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24 October 2008 The contract is for labour charges.and the whole bill is financed by other party.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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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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