TDS eligibility

This query is : Resolved 

20 July 2010 Dear Sir/ Madam

By giving a personal cheque of an employee on behalf of the company,for payment towards erection charges say Rs 40000/- , is TDS gets attracted.

Doubt lies in company cheque not given and amount credited in employee account and from his account the payment was made.

20 July 2010 TDS gets attracted because the expenses will be booked in Company

20 July 2010 IF Bill of expenses incurred in the name of company. Then TDS will be deducted even if payment made by employee on behalf of company from his personal account.




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