Is TDS for Sundry Debtors?

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Dear All,

Please let me know, is TDS applicable for Sundry Debtors?

Regards,

Replies (12)

TDS is not apllicable to sundry debtors because you are neither crediting them nor paying them. TDS is applicable to sundry creditors

no , on wat amt. ur asking for TDS. wheather on sale amount......not at all......

TDS is deducted by the person making payment, so if ur receiving any payment from ur Debtors thn tht party will pay u after deducting TDS, if TDS is applicable

TDS is not applicable, however TCS is applicable on sundry debtors on certain types of products sold.. Sundry Debtors here means sales. The seller has to collect tax at source and deposit it to government. Refer to the TCS provisions for detailed information.

no , for  debtors TDS is not applicable

 TDS not applicable

 The provisions of TDS are applicable for certain kinds of expenses that cross the specified threshold limit. In the case of Sundry Debtors, the transaction is not of the nature  of expense. Therefore, TDS is not applicable. The relevant provisions are not applicable even if you are repaying some amount on account of goods rejected by your Debtor. However TDS recievable is applicable in case of Sundry Debtors which can be claimed as a deduction from your tax liability.

But, before claiming deduction please ensure you are not claiming deduction for VAT TDS.

Thanks a lot for, all of you, for your answers...........

Thanks a lot for, all of you, for your answers...........

no tds is not applicable in case of sundry debtors

I Agree with Amol Gopal Kabra Sir

Originally posted by : FATEMA
TDS is not apllicable to sundry debtors because you are neither crediting them nor paying them. TDS is applicable to sundry creditors


 

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