TDS other than salary
This query is : Resolved
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.
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.
11 October 2008
yes , project staff can deduct tds becz they r working on behalf of co & not individually.
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
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Consolidated financials
- Putting a heading on received mail
- TDS on TRUST
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Section 50-fixed asset-->building ceases to exist
- Regarding Applicability of Tax Audit u/s 44AB
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
