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TDS applicability in case of Debit Note

Others 2227 views 2 replies

Hi friends , i faces a problem regarding the Tds liability for payee company.


there r common exps incurred by more than two company Joint;y. and all the payment have been paid after deduting tds where so ever applicable  by 1st company including share of 2nd company. after that 1 st company issue Debit note to 2 nd company for his share. now the question is that whether tds shold deduct by 2nd company while making payment to 1st company.


 

Replies (2)

never

NO, as on mainly expense you had already deduct TDS now no need to deduct TDS again


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