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TDS liability


Neeta Gupta   27 September 2007

Neeta Gupta

 1 likes  83 points

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Hi!

please clarify if we incurre some exp.on behalf of our debtor and claim the same amount through debit note . Is there any tds applicability to deduct tds by them and make the payment to us after ded.tds

 

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Prakash Popat   27 September 2007

Prakash Popat

 3 likes  3129 points

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Depend upon nature of Expenditure.

Neeta Gupta   27 September 2007

Neeta Gupta

 1 likes  83 points

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IF IT IS REIMB.OF TELCOM COST

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Prakash Popat   27 September 2007

Prakash Popat

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no tds.

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Ravikumar.G (Consultant)     27 September 2007

Ravikumar.G
Consultant 
 151 likes  18520 points

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TDS will attract when customers making payments along with their regular bills. If they make payment separately TDS may not attract, but their auditors will quetion and disallow their expenditure so TDS will attaract.

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CA. RAMESH KUMAR (PRACTICING CHARTERED ACCOUNTAN)     30 September 2007

CA. RAMESH KUMAR
PRACTICING CHARTERED ACCOUNTAN 
 38 points

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it totally depends on the nature of expenditure if it is one which attracts the provisions of TDS then definetely ur debtor will deduct ur tds irrespective of whether u are charging in the invoice iteself or seperately by debit note. it is sililar to paying freight on ur debtors behalf the first liability of tds is urs but if u didnt deduct the tds and include the amount of freight in ur invoice then ur debtor will deduct the tds on freight. REimbursement of Telecom Cost will not attract TDS.

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CMA Gul S (Program Manager)     30 September 2007

CMA Gul S
Program Manager 
 64 likes  5910 points

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It dependes on the Expenditure, But hte expenses you have said of telecom will have no TDS

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CMA Gul S (Program Manager)     30 September 2007

CMA Gul S
Program Manager 
 64 likes  5910 points

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It dependes on the Expenditure, But hte expenses you have said of telecom will have no TDS


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