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TDS on payment made on our behalf

This query is : Resolved 
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(Querist)
13 September 2008 If a person made payment on our behalf to contractor & deduct tds. Is there any liability on us towards deduction of tds on payment made to person who has payment made on our behalf.
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Taxguy

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Taxguy (Expert)
13 September 2008 No, but for proper accounting entries in the books of acount.
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Mukesh Agarwal

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Mukesh Agarwal (Querist)
13 September 2008 What accounting entry we will pass.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
15 September 2008 Take An Example


Suppose B Makes Payment of Profeesional Fees of 9000 after Deducting 1000 as TDS.
on behalf of A To C.

In The Books of C

1)Bank A/c.......................Dr 9000/-
TDS On Profession A/c..........Dr 1000/-
To Professional Fees A/c 10000/- or
To A's A/c 10000/-

In the Books of B

2)A's A/c................Dr 9000/-
To Bank A/c 9000/-

In The Books Of A

3)Professional Fees/C's A/c....Dr 10000/-
To B's A/c 9000/-
To TDS On Professional 1000/-


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