Hello Everyone,
Suppose we hire ABC clearing agent for import services. & we are deducting TDS of it's service bills. Now ABC agent is issuing 2 bills, one for it's own service + 2nd for taking services of XYZ agent & XYZ is generating tax invoice on the name of our company. should we deduct TDS on bills of XYZ, As we are making payment to ABC. currently we are deducting TDS on bill of ABC only. please guide.
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TDS of clearing agent
Replies (3)
Whatever payment is required to be made to ABC, deduct tax over it. When you are not required to make payment to XYZ then no question of TDS deduction. If its reimbursement paid to ABC for the services of XYZ, TDS is not deducted over payment made to ABC for that reimbursement amount.
Thanks Sir
if you can add TDS section will provide clarity
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