Neethu (CA) (138 Points)
05 August 2015Is it necessary to deduct TDS on reimbursement of expenses? Here company A pays security service charges to an outside agency for their services and deduct TDS @ 2% U/s 194C. Then the other companies of the same group reimburse their proportionate expenses to Company A as the payment was made wholly for the group. Here when the other companies reimburse the charges to Company A, is there any requirement to deduct TDS? Please comment .
darshan
(PROPRIETOR)
(28 Points)
Replied 05 August 2015
-i am a seller in snapdeal
-i do not have a tan number
-snapdeal and flipkart are saying that it is not mandatory to have tan number
-if my commission amount crosses 5000 in a year
-i will get charged for tds or not
-if i get charged for tds , how will i get my tds reimbursement if i do not have a tan number
atul mane
(accountant)
(124 Points)
Replied 05 August 2015
i dont think it is necessary to deduct tds because it is inter unit transaction.
KRISHNAPRASAD IYER
(B.Com , CA Final)
(657 Points)
Replied 05 August 2015
Tax is not required to be deducted at source in case of reimbursements.
Ashish Jain
(.Net Developer)
(641 Points)
Replied 05 August 2015
| Originally posted by : darshan | ||
 |
-i am a seller in snapdeal -i do not have a tan number -snapdeal and flipkart are saying that it is not mandatory to have tan number -if my commission amount crosses 5000 in a year -i will get charged for tds or not -if i get charged for tds , how will i get my tds reimbursement if i do not have a tan number |
 |
For refund of TDS amt. which deducted by other u will need to file your income tax return.
Rama Krishna
(Dy.Manager Finance)
(38 Points)
Replied 05 August 2015
Ashok J
(CA Final)
(880 Points)
Replied 14 August 2015
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