Tds
This query is : Resolved
21 January 2014
Query ---- my client ,got the car for office use financed by Chola Mandal - a finnancier . They issued the cheque in favour
of car dealer and ask my client to give them 36 post dated cheques for due and payable every month . My client
issued 36 cheques of equal amount i.e. for 25000/- . Whether TDS was required in this case. If yes , how
TDS will be deducted , when financier wanted 36 cheques of 25000/-. Was it not the duty of financier
to prepare schedule of EMI after deduction of TDS. Pl guide , matter most urgent.
Query ---- my client ,got the car for office use financed by Chola Mandal - a finnancier . They issued the cheque in favour
of car dealer and ask my client to give them 36 post dated cheques for due and payable every month . My client
issued 36 cheques of equal amount i.e. for 25000/- . Whether TDS was required in this case. If yes , how
TDS will be deducted , when financier wanted 36 cheques of 25000/-. Was it not the duty of financier
to prepare schedule of EMI after deduction of TDS. Pl guide , matter most urgent.
21 January 2014
HI
No TDS since it is purchase of Fixed Asset.
Thx
No TDS since it is purchase of Fixed Asset.
Thx
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