24 October 2011
if there is issue of debit note rather than invoice for technical service and the service is provided by another concerns and not by that who is issued debit note
then whether under section 194j TDS should be deducted or not.please satisfy to me with law
As of now, Sec. 194 J attracts since issuance of Debit Note means income for one party and susequently expenses for another,--- this case clearly falls within purview of Scetion 194J.
31 October 2011
In this 2 concepts are there, if the debit note raised for the reimbursement of expenses then no need to deduct TDS
but your query is telling debit note raised for professional charges, so whether invoice or debit note given for professional charges TDS will apply in both cases
CAclubindia
