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(Querist)
06 January 2010 Bank has made payment on behalf of the company but has not deducted tax at source. In this case, whether the company can be held liable for not deducting tax at source?
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
06 January 2010 Yes Company is liable to deduct tax as bank is paying on behalf of company that means it is debiting their client account.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
07 January 2010 yes, Company held liable
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