18 September 2012
at the time of making payment another party has been deduct TDS whether it is require to deduct by such company who shown such expenses as expenses in p&L or not like Supra PVT limited & akash PVT LTD one advertisement has been made in TV channel for both the company of Rs 100000 akash PVT LTD has paid and deduct TDS and than Supra PVT limited a/c dr 50000 Advertisement A/c dr 50000 To TDS 2000 To bank 98000 Whather Supra PVT limited need to deduct TDS
18 September 2012
In regular practice while making payment on behalf of other person need to deduct the TDS and pay and finally the gross amount will give debit to the party on which you are making payment on behalf. finally the actual expenses booking company will account the TDS and pay the TDS amount to govt and issue tds certificate. because TDS will be checked who is claiming the actual expenses
In your query since you are already deducted the TDS either you can transfer the same to other party or if TDS already paid the proof can be given to them
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