Accounting treatment for third party

Amit (Accounts ) (528 Points)

01 October 2024  
Good morning all

We hire a third party for payment to suppliers, they made directly payment from their account to our suppliers our limit is 20 lakh with third party.
then we have make their payment with in 90 days from our bank, they charged interest from us

How we do accounting of these transactions
is these transactions attract TDS ??