TDS other than salary

This query is : Resolved

CPA Partha Sengupta (Querist)
Follow

11 October 2008
Hi all,

Kindly resolve the following query:

A Company deducts tax from source (TDS) where applicable as per law, at the time of making payment to parties/vendor. The same company also gives advance to some of its employees in order to carry out project activities. Here, the project staff after taking the advance executes the project work and thereafter submits all the bills for settlement of advance. It has been observed that some types of payment made by the project staffs attract TDS. So, in these cases the company is not directly dealing with the vendors. Now, my question is ----
Can the project staff deduct TDS on behalf of the company like the company is deducting tax while paying directly to the vendor?

Please specify the related provisions of I.T Act if applicable to above query.

Thanks in advance.

Jitender

Jitender (Expert)
Follow

11 October 2008 yes , project staff can deduct tds becz they r working on behalf of co & not individually.

CA V. Mohanakrishnan

CA V. Mohanakrishnan (Expert)
Follow

12 October 2008 Project staff would deduct TDS under the similar provisions of the IT Act.

Apart from the deduction the company needs to have a robust system of capturing the deduction through prompt advance settlement by the staff to adhere to the time lines of remittance of the deducted TDS

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

MAYANK

Vivekanand Sagar

nilesh

yadagiri

Mohit Kumar

Subscribe Now

TDS other than salary

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA