Deduction of tds on reimbursement of lab testing charges
This query is : Resolved
13 September 2011
My company get an order of Rs. 3 Cr of note book. we purchased note book from our vendor, our customer required a test report of the note book, we hired a lab and asked him to test the product as per the specifications. The cost of the testing has been born by the our vendor.
Our vendor give us Rs. 1 Lac and that same amount we have paid to the lab. In this case who is liable to deduct TDS. The incident of expenses in our company books is zero.
Our vendor give us Rs. 1 Lac and that same amount we have paid to the lab. In this case who is liable to deduct TDS. The incident of expenses in our company books is zero.
14 September 2011
Actual TDS deduction liability will goes to vendor only.
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