Hi Friends,
I have a problem. please suggest me about the deduction of Tax. I am doing the payment of one of my client based on Turkey in relation to defect goods received by him.wheather we should deduct TDS or not on it. thanks in advance.
1 Replies
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 01 January 2011
| Originally posted by : RAHUL | ||
 |
Hi Friends, I have a problem. please suggest me about the deduction of Tax. I am doing the payment of one of my client based on Turkey in relation to defect goods received by him.wheather we should deduct TDS or not on it. thanks in advance. |
 |
if the goods are supplied by you and found defective then its compensation money, no TDS applicable, provided u have documentary evidence for the transaction history and survayor's report for rejection,
Recent Topics
- Regarding Perquisite Tax on ESOP - Unlisted Compan
- Casual Taxable Person under GST
- Extended Date of GSTR-1 for the month of July 2020
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF UNCLAIMED RCM
Related Threads
CAclubindia
