Liability to deduct TDS

This query is : Resolved

pratik (Querist)
Follow

15 September 2009 So lets see what the quetion is:
Suppose Mr. A has given Rs.10,00,000/- to XYZ P. Ltd., a portfolio management company to manage his portfolio of shares. Now XYZ P. Ltd. charges Mr. A Rs. 2,00,000/- as its expense for running of workstations and salary of employees exclusively set aside for Mr. A's work. XYZ P. Ltd. also seperately charges its fees.
Now my question is that Does Mr. A requires to deduct TDS on payment of the said Rs. 2,00,000/-.also state the section under which TDS is to be deducted.

NOTE: XYZ P. Ltd. is claiming that since it is a reimbursement of expenditure therefore not liable to deduction of TDS.
Thanks in anticipation

Aditya Maheshwari

Aditya Maheshwari (Expert)
Follow

15 September 2009 200000/- TDS liable u/s 194J. Even if XYZ ltd. is receiving reimbursement you are booking the expenses

CA CHINTAN AJMERA

CA CHINTAN AJMERA (Expert)
Follow

15 September 2009 It is Auditable concern or not ? I think not liable to Tds.

Ratan Sharma

Ratan Sharma (Expert)
Follow

16 September 2009 Agreed with Mr. Aditya

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

mahendra zaveri

sachidanandam

S D Kannan

SARAVANAN PALANISAMY

Srikanthan S

Subscribe Now

Liability to deduct TDS

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA