Please Help: TDS om Reimbursement
Posted Date : 01-Jun-2013 , 11:23:16 am | Posted By: Gaurav Dhamija
Category :
Income Tax | Answers :
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Comments :
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A company (Let ABC Ltd.) take limits against stock from bank, bank will conduct stock audit for the same. And bank paid amount to CA for conducting stock audit and then later on deducted the same amount from ABC Ltd.’s CC a/c with that bank.
Now my querries would be, by whom TDS would be deducted on this professional services?? By Bank or By ABC Ltd.??
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Answers:
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 Answer by: Vikash Kumar Jha |
| By bank
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| Answer by: Vikash Kumar Jha |
| Stock auditor has been appointed by bank for their own purpose that why its will be the obligation to pay this fees lies with bank not company. That why TDS should be deducted by bank.
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| Comments |
| Posted By : Vikash Kumar Jha |
07-Jun-2013, 07:15:07 |
| Company paid this amount only because there will be an agreement with bank. |
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| Posted By : Nikhil |
07-Jun-2013, 01:59:18 |
| Gaurav...Remember,company has not paid anything to CA.
Company has paid amount to BANK.
Any payment made to BAnk does not Attract TDS |
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| Posted By : Nikhil |
07-Jun-2013, 01:55:23 |
| Obviously By bank...company does not have any obligation to deduct tds in this case. |
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| Posted By : Gaurav Dhamija |
07-Jun-2013, 10:02:00 |
| BUt TDS is deducted by person who claim expense....bank will not claim that expense....then how bank will deduct?
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| Posted By : Gaurav Dhamija |
03-Jun-2013, 12:51:02 |
| No body there to answer my querry?? |
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