Situation 1: B Ltd. will not deduct TDS on payment of Debit Note. B Ltd. should deduct TDS on payment of Rent to X Ltd. made by A Ltd. on behalf of B Ltd. Situation 2: B Ltd. will not deduct TDS on payment of Debit Note instead B Ltd. will deduct TDS on Service Charges of Rs. 2 Lakh only.
On Thu, Nov 20, 2008 at 10:34 AM, K.Sankarasubramanian (Finance/TVS-E) < [EMAIL PROTECTED]> wrote: > *Pl let us know what is final position on whether TDS to be done on the > claims for reimbursement of expenses as follows:* > > * * > > *Situation 1 : * > > - *A Ltd pays Rs 20 lacs Rent to X Ltd – on behalf of B Ltd due to > funds constraints of B Ltd.* > - *A Ltd raises Debit Note on B Ltd for rent paid expenses > reimbursement of the same Rs 20 Lacs by attaching all the required proof > * > - *Question is whether B Ltd shall deduct TDS on this debit note > payment to A Ltd* > > * * > > *Situation 2 : * > > * * > > - *A Ltd pays Rs 20 lacs Rent to X Ltd – on behalf of B Ltd due to > funds constraints of B Ltd.* > - *A Ltd raises Debit Note on B Ltd for rent paid expenses > reimbursement of the same Rs 22 Lacs by attaching all the required proof. > Rs > 20 lacs for rent and Rs 2 lacs as Service charges* > - *Question is whether B Ltd shall deduct TDS on this debit note > payment to A Ltd* > > * * > > *Pl clarify* > > * * > > *KSS**/20.11.2008* > > * * > > * * > > * * > > * * > > *K Sankarasubramanian * > > *Taking IT to the heart of India* > > *Senior Manager - Finance* > *TVS Electronics Limited > *DP,34 South Phase, > Industrial Estate, Guindy, > Chennai 600 032. India. > > Tel : +91-44-22321166 > Fax : +91-44-22327577 > Mob : +91-98400 93176 > Mail : [EMAIL PROTECTED] > Web : www.tvs-e.in > ------------------------------ > The information transmitted is intended only for and may contain > confidential / privileged material. Any review, retransmission, > dissemination or use, in part or in full of this information by any other > than the intended recipient is prohibited. If you have received this in > error, please return to [EMAIL PROTECTED] and delete the > material. This mail is virus protected. However please virus scan before you > open or detach documents from this transmission. We are not liable for any > damages that may occur caused by any virus. > > > > > > -- Thanks & Regards. CA Deepak Pahuja Mobile: 9215176462 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Skorydov MyTaxAssistant Member Group" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/SkorydovMyTaxAssistant?hl=en -~----------~----~----~----~------~----~------~--~---
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