deduction of tds

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

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..... 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 .....

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..... by 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 materi .....

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..... al 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: Fr .....

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..... om 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 su .....

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..... pplied by " A". It is a sale transaction and hence the question of payment of TDS does not arise.
Discussion Forum - Knowledge Sharing .....

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