Dear sirs
In our case , the assessee is a distributor of recharge coupons. The cellular companies deduct tds on scheme provided to the assessee under section 194h. but the scheme is directly transferred to retail dealers account.
- How to treat the same in accounts?
- Whether scheme received is assessee’s income?
- Whether scheme provided to retail dealers can be claimed as expense of assessee? And tds is deductible?
Kindly reply me its very urgent
CAclubindia
