tds wether deduct or not
This query is : Resolved
17 April 2010
A holding co paid 3 month salary to sister concerns staff.and issued debit note for the same.sister concern has deducted tds on the said debit note at@2%and made balance paymante.now holding company is opposing that tds on said debit note should not be deducted.pls give me solution that who is right.
17 April 2010
AS per my opinion holding company is right
that tds on said debit note should not be deducted.
that tds on said debit note should not be deducted.
17 April 2010
NO TDS WILL BE DEDUCTED ON SUCH DEBIT NOTE. BECAUSE SALARY IS PAID BY HOLDING COMPANY ON BEHALF OF SISTER COMPANIES I.E ON ACCOUNT OF THEM. IT IS FUND ARRAGEMENT. HENCE NO TDS WILL BE DEDUCTED.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
