TDS ON LICENCE FEE
This query is : Resolved
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JYOTI GOEL
(Querist)
05 February 2022
ASSESSEE RECEIVED RS. 8 LAC LICENCE FEE FROM SMALL MILK VENDERS(GST NOT APPLICABLE ON SALE OF MILK ) ON BEHALF OF COMPANY AS LICENCE FEE AND PAID RS. 8 LAC BACK TO COMPANY AS LICENCE FEE. WHETHER TDS APPLICABLE ON PAYMENT OF LICENCE FEE TO COMPANY (WHICH IS RECEIVED ON BEHALF OF COMPANY ITSELF). ASSESSEE BOOKS ARE SUBJECT TO AUDIT AND IS WHOLESALER OF MILK, TURNOVER 7 CRORE. ALL THE VENDORS ARE SELLING MILK OF THE SAME COMPANY.
CA R SEETHARAMAN
(Expert)
05 February 2022
TDS not applicable as collected amount is paid to the company.
JYOTI GOEL
(Querist)
07 February 2022
Thank you Sir for your prompt reply.
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