23 July 2009
X & Y ARE THE TWO COMPANY. X PAID PROFESSIONAL FEES ONBEHALF OF Y AND RAISED DEBIT NOTE ON Y. ACCORDING TO DEBIT NOTE Y BOOK THE EXPENSES AND MAKE PAYMENT TO X. NOW MY QUESTION IS THAT WHO IS RESPONSIBLE TO DEDUCT TDS. GIVE SOME RELEVENT REFERENCE.
23 July 2009
expenses are booked in the books if Y & Y will be enjoying the income tax deduction benefit. Hence Y will be responsible for deduction of TDS.
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