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TMI BlogNetting Off of Amount Receivable & Payable for TDSX X X X Extracts X X X X X X X X Extracts X X X X ..... Company A receives certain Services from Company B , that is incorporated outside India . Also Company A is also rendering certain different type of Services to Company B . While Withholding th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e TDS , whether the Company A in its Books should net off the amount payable and net receivable and then deposit the TDS OR the TDS needs to be deposited on amount payable by Company A to Company ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... B , without netting off. What are the Income Tax Provisions in this regard. - Reply By CA GOPALJI AGRAWAL - The Reply = If company A is rendering services to Company B then it is suppose to get t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he payment from B and such receivable is not subject to withholding tax. Of course the company A is liable to withhold the tax, if applicable on the services received from company B. It is nothing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to do with tax. Amount receivable and payable can or cannot be set off, would have to be looked form FEMA point of view. Per Accounting principles, it might be stated net. - Netting Off of Amount R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eceivable & Payable for TDS - Query Started By: - Vidhi Agroyee Dated:- 16-7-2014 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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