Tds payment
This query is : Open
CA.Varalakshmi.M
(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.
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.
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.
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.
CA.Varalakshmi.M
(Querist)
27 May 2013
Thanks Sanjay
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