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TDS ON PURCHASE DEBIT NOTE?
is tds deduct on supplier's debit note?
Replies (6)
TDS deducted on certain payment and receipts , as per section 192 to section 206 Income tax 1961 .
What for the debit note is raised?
Supplier forgot to add one item in invoice for that raised rate different debit note.?
If so, you need to deduct tax at source u/s 194q even on this.
Check out conditions for deduction TDS under 194 Q of IT act .
TDS is required on payment and while you pay the amount of debit note , same is required to be deduct.
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