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.
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.
CAclubindia
