15 May 2017
If A party has contract with B party....And A party pay an amount on instruction of B to workers of B let's 50 employee of B (net of all deduction if paid by b to their worker)....And same is recoverable from next invoice of B 1 whether A is liable to deduct TDS.if yes the 2 tds would be deducted and certificate will issue to worker or B
16 May 2017
pls clarify the nature of contract between A & B and suppose if B is contractor and on instruction of B if A pays amount to worker then Tds is required on the invoice amount of B with pro-rata basis on the amount paid to workers
16 May 2017
It is civil construction contract.. B instruct A to pay their worker xyz so and so amount ..What is the accounting entry. And tds treatment.. We have pay RS 10 to xyz without any invoice and only on instruction of B, by debiting b account without deducting tds...And this 10 rs will recover invoice of B of 100 RS on which we will deduct tds on full 100 rs
CAclubindia
