tds on debit note
satish
(Querist) 14 May 2009
This query is : Resolved
Situation 1 :
a.. A Ltd pays Rs 20 lacs Rent to X Ltd – on behalf of B Ltd due to funds
constraints of B Ltd..
b.. A Ltd raises Debit Note on B Ltd for rent paid expenses
reimbursement of the same Rs 20 Lacs by attaching all the required proof
c.. Question is whether B Ltd shall deduct TDS on this debit note payment
to A Ltd
Tell me tds ded.on debit not and service tax inclued on debit note.
Thanks & Regards
Satish
A V Vishal
(Expert) 14 May 2009
Dear Satish,
The amount paid by B Ltd on behalf of X Ltd is to be treated as a loan/advance, B Ltd is not liable to deduct tax unless expressedly instructed by X Ltd to do so, however, X Ltd will be liable for non deduction of TDS.
A V Vishal
(Expert) 14 May 2009
Dear Satish,
The second query is unclear
