Tds on vendor payment , paid thrugh imprest
This query is : Resolved
Virendra Chaturvedi
(Querist)
12 November 2011
liasoning chages has been paid around 1.8 Lacs to one vendor but payment has been made thrugh Employee Imprest A/c .
Company has made the payment to Employee only.
Is any TDS Liability is there on Company
Company has made the payment to Employee only.
Is any TDS Liability is there on Company
O.D.SHARMA
(Expert)
13 November 2011
Hi,
Employee imprest is not right way,Even then the payment actually made to vendor u deduct TDS in advance amount & pay net amount U/S 94C or other sections.Else Bill vise TDS to be deducted.
Employee imprest is not right way,Even then the payment actually made to vendor u deduct TDS in advance amount & pay net amount U/S 94C or other sections.Else Bill vise TDS to be deducted.
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