19 February 2011
my question is a company making cigrattes ,tea issue credit note to the wholesale dealer who(wholesale dealer) is paying payment to the vendors to display the the compny products and company is booking it as a expense but payment is made by wholesale dealer and in return company issues the credit note to wholesale dealer then who is liable to deduct tds also give reference.
Guest
Guest
(Expert)
20 February 2011
In my opinion, TDS should be deducted by the wholoeseller.