deduction of tds

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....eduction of tds<br> Query (Issue) Started By: - Ramakrishnan Seshadri Dated:- 29-4-2014 Last Reply Date:- 8-5-2014 Income Tax<br>Got 2 Replies<br>Income Tax<br>Dear Sir, A manufacturer has supplied m....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....aterials 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 b....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....y the supplier. My question is whether we have to deduct tds for the supplier. Regards S.Ramakrishnan. Reply By Saji John: The Reply: Your query is incomplete, if the supplier supplies you materia....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....l 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 Reply By S RAMAN: The Reply: Fro....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....m your statement, you have effected payment to supplier on behalf of &quot; A&quot; means that &quot; A&quot; brought materials. Then you are going to adjust what you have paid against goods to be sup....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....plied by &quot; A&quot;. It is a sale transaction and hence the question of payment of TDS does not arise.<br> Discussion Forum - Knowledge Sharing ....