A makes payment to B (10000- TDS @ 10℅)=9000.
B then makes the payment to C (9000-10℅)=8100.
B was unaware that A had deducted TDS too.
Now C is at a loss due to double deduction.
What can be the best solution?
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double deduction of tds
Replies (6)
What is the nature of tranaction? Professional fees?
yes, professional fees
As I understand the trasaction B's bill is for 10000/- so he gets Rs 9000 as a cheque/ cash and rs 1000/- goes to Tds which he can claim while filing return.
B pays assignment fees (?) to C. Is C's bill is 9000? Then Rs 900 is deducted which he can claim later and 8100/- paid to him.
Where is the question of double deduction?
B was a mediary... A remits the amount to B and B makes payment to the party who provided the service
Assuming that such an arrangement was legal and if C cannot raise the bill directly to A,
C's loss is B's gain (Rs 1000 TDs).
Either C should collect it from him or let him have it for his efforts.
Assuming that such an arrangement was legal and if C cannot raise the bill directly to A,
C's loss is B's gain (Rs 1000 TDs).
Either C should collect it from him or let him have it for his efforts.
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