tds on payment of professional fees
whether TDS is required to be deducted on professional fees paid by director ( of private Ltd company ) through his wife's bank account since the company ' s bank account is not yet opened and company have TCS no. and how this amt. can be shown in co.'s books of accounts.
Replies (5)
tds to be deducted....in books show amt paid to professional by director...n amt payable to director
I think TDS is not applicable as it is a reimbursement to the wife of director. However, it appears to be grey area which may lead to litigation if TDS is not deduced.
I think TDS is not applicable as it is a reimbursement to the wife of director. However, it appears to be grey area which may lead to litigation if TDS is not *deducted.
TDS WOULD BE DEDUCTED ON PAYMENT OF PROFESSIONAL FEES IF EXCEEDS LIMIT...FOR REIMBURSEMENT NO TDS...
thanks
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