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Tds payment

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(Querist)
27 May 2013 Hello All,

X company made payment on behalf of Y for security services availed by Y and security services invoice is in the name of Y. As services are taken by Y , it is Y company obligation to deduct TDS and remit it to Govt. But X company has already deducted TDS and remitted to Govt.

In this case can Y comp take certificate from X company that Y comp obligation was discharged by X?

Please suggest me, Thanks in Advance.

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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
27 May 2013 Technically X company should have shown it as an advance/ loan to Y and Y company should deduct TDS since the bill is in its name and it will book the expenses.

Under the circumstances you can take an undertaking from Company X but i am not quite sure if that will work. But you can always put forth your point.
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CA.Varalakshmi.M

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CA.Varalakshmi.M (Querist)
27 May 2013 Thanks Sanjay
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