31 October 2014
Assessee paid Rs. 1,20,000 to Clearing and Forwarding Agent during the F.Y. 2013-14. Amount includes 1,00,000 for reimbursement of expenses and 20,000 for the fees. Separate bills issued for reimbursement of exp. and fees. Query is Whether TDS is deductible on Reimbursement amount as well as on Fees amount because fees amount is below Rs. 75,000(Limit specified u/s 194C)
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