https://www.taxtmi.com/forum/issue?id=107034 Withholding tax applies to payments made for services received; receivables for services rendered are not subject to deduction by the renderer. Netting payable and receivable is an accounting/FEMA matter and does not by itself discharge the payer's obligation to deduct and deposit tax on payments for services received. en-us Wed, 16 Jul 2014 07:23:51 +0530 Thu, 23 Jan 2025 15:57:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107034 Withholding tax applies to payments made for services received; receivables for services rendered are not subject to deduction by the renderer. Netting payable and receivable is an accounting/FEMA matter and does not by itself discharge the payer's obligation to deduct and deposit tax on payments for services received. Discussion-Forum Income Tax Wed, 16 Jul 2014 07:23:51 +0530 https://www.taxtmi.com/forum/issue?id=107034