03 June 2009
we made bill of service charges and send to party .full payment made by party is bill tds not deduct amount is 50000/-(with service tax) it is ok or not>?
03 June 2009
The deduction of tax at source is the obligation of the party making the expenditure. Thus in this case the liability to deduct is on your party not you. As far as you are concerned, it is ok, however your party would be treated as an assessee in default for non deduction of TDS u/s 201A of IT Act.
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