A consultant raises one invoice both for reimbursement of expenses and the consulancy services rendered during a particular period. How should we deduct the tax ,is it on the total value or the consultancy services alone. Please clarify.
A consultant raises one invoice both for reimbursement of expenses and the consulancy services rendered during a particular period. How should we deduct the tax ,is it on the total value or the consultancy services alone. Please clarify.
if seperate bills were issued then no TDS on reimbursement of expenses but if one single bill is issued then u have to deduct TDS on whole amount.
I agree to Saurabh.
I disagree with Mr. Sourabh Sharma & Mr. Dilip Wankhede .
Tax shall be deducted at the rate of 10% on the total bill (gross including reimbursement of expenses) amount charged.
Please refer Circular No. 715, dated August 8, 1995.
Provided the amount should exceed Rs. 20000/- during the F.Y. U/s 194J.
Prabeer is right....TDS undr 194J
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