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Issue ID : 106759
- 0 -

deduction of tds

Date 29 Apr 2014
Replies2 Answers
Views 1425 Views

Dear Sir,

A manufacturer has supplied materials to my supplier . We have made payment to the manufacturer on behalf of the supplier and this amount has been debited to my supplier account.This amount will be adjusted on the supplies made by the supplier. My question is whether we have to deduct tds for the supplier.

Regards

S.Ramakrishnan.

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- 0
Replied on May 7, 2014
1.

Your query is incomplete, if the supplier supplies you material how come TDS is effected, have you entered into any contract/agreement for which the TDS has to be deducted. Kindly clarify to give appropriate comments/view/reply

- 0
Replied on May 8, 2014
2.

From your statement, you have effected payment to supplier on behalf of  " A" means that " A" brought materials. Then you are going to adjust what you have paid against goods to be supplied by " A". It is a sale transaction and hence the question of payment of TDS does not arise.

Old Query - New Comments are closed.

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