Third party payment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 September 2011 I m accountant in Pvt.Ltd.Co. My question is -
We had made a seminar in MCA club with food & beverages. MCA club has billed to club member who is a friend of one of our director. payments has been issued to MCA club from pvt.ltd.co.account without deducting TDS.
How to account for ?
What about TDS issue ?
pl.this is urgent. if u can help me fast
it is highly obliged.
ganesh

VISHRUT

VISHRUT (Expert)
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19 September 2011 Record it as Conference / Seminar Expenses.

TDS will require to be deducted unless the food bill is shown saperately stating that it is nature of reimbursement than no need to deduct TDs on the same.

Querist : Anonymous

Querist : Anonymous (Querist)

19 September 2011 But Sir MCA Club is not raising the bill on us (pvt.ltd.co.) than how we can cut the tds. he is saying that we will raise bill on the club member only. we are not the member of a club. is it okay that we make payment on behalf of a member who is a member in club. this is done just to get the discount on total deal.

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