Tds - Applicability of Nill rate

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..... We have received NIL tax exemption 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 a .....

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..... lso. - Reply By PALAKURTHY PRASHANTH 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 PRASHANT .....

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..... H prashanth - The Reply = you need not deduct any tax 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 y .....

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..... ou are discharging your liability towards X by making payment to 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. - Tds .....

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..... - Applicability of Nill rate - Query Started By: - Rahul Bagaria Dated:- 31-7-2009 Income Tax - Got 3 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal .....

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..... opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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