TDS on professinal fees
This query is : Resolved
25 May 2008
Valuation of Property fees debited by bank in party account on behalf of party , and bank reimbursed this amount from party Accordingly party booked this expenses under head professional fees. The TDS liability arise as professinal fees paid then who will deduct the TDS Bank or party . Kindly let me know please
25 May 2008
The person responsible for paying will have to deduct tax at source, not the person who reimburses.
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