Rajesh Poddar (Chartered Accountant) (321 Points)
12 September 2009Dear Friends
A client of mine is going to pay a Rs. around 1 Lakh to Sodekha company for coupons which it will give for its employees.
So when it is going to pay to the company, is TDS applicable ?
Please Reply
Rajesh Poddar
Prakash Sharma
(Account Officer)
(34 Points)
Replied 21 September 2009
Yes, TDS is applicable in this case. However, Sodexo has got permission of deduction of tax (TDS) at lower rates. If they provide a copy of certificate, TDS will be at lower rates.
PRAVEEN KUMAR
(MBA (Finance) B.Com.(P))
(3443 Points)
Replied 21 September 2009
Yes, Mr. Prakash is right,
TDS Should be deducted.
CAclubindia
