Hi,
Matter Out of court settled and compensation of Rs 2 Crores paid to opposite party.
Que 1. Whether TDS applicable for such payment ?
Que 2. Is this payment allowable as expenses in the books of payer?
Poonam Jain (MANAGER) (27 Points)
28 June 2014Hi,
Matter Out of court settled and compensation of Rs 2 Crores paid to opposite party.
Que 1. Whether TDS applicable for such payment ?
Que 2. Is this payment allowable as expenses in the books of payer?
CA. Kuldeep Singhi
(Entrepreneur)
(424 Points)
Replied 28 June 2014
Poonam Jain
(MANAGER)
(27 Points)
Replied 28 June 2014
No, it is not for property. Its Defamation case and settled out the court. Pl guide now.
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