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.
Menu
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
Recent Topics :
- LTCG on property sale
- Capital gains incidence due to bonus shares
- Amendment of Object Clause of Memorandum
- How Can I Request a Refund for an Accidental Airte
- TDS on salary paid in cash
- YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
- Last Date To Fill ITR For Non-Audit Case
- Guidance Required on Filing Fresh Registration und
- IT Return Refund Status AY 2026-27
- Clarification Regarding Income Tax Demand Notice
Related Topics :
CAclubindia
