TaxTMI 
TaxTMI 
Tds - Applicability of Nill rate
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....ds - Applicability of Nill rate<br> Query (Issue) Started By: - Rahul Bagaria Dated:- 31-7-2009 Last Reply Date:- 31-7-2009 Income Tax<br>Got 3 Replies<br>Income Tax<br>We have received NIL tax exempt....
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....ion certificate from Vendor X. Vendor X wants the money due to him to be paid to Mr.Y on his account. Will Nil rate of TDS will be attracted for making payment to Mr.Y also. Reply By PALAKURTHY PRASH....
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....ANTH prashanth: The Reply: yes, you neednot deduct any tax for payment to Mr.Y since you are only paying on behlaf of Mr.x Reply By PALAKURTHY PRASHANTH prashanth: The Reply: you need not deduct any t....
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....ax since you are paying only on behalf of Mr.X Reply By Markesh Antony: The Reply: The amount paid to Y is only on behalf of X. Actual you are discharging your liability towards X by making payment to....
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.... Y on his behalf. TDS is liable to be deducted on the expense of a particular nature. Therefore, no TDS is liable to be deducted.<br> Discussion Forum - Knowledge Sharing ....