Re-reimbursement of expenses
This query is : Resolved
29 May 2013
Good morning experts,
Our CHA has paid 'detention charges' Rs. 40917, 'in haulage charges' Rs. 22824 on our behalf. & Issue the debit notes for the same by Rs. 40920 & Rs. 22825. Also issue separate for their Agency charges etc. for Rs. 8500.
My query is :-
1) On which amount we have to deduct TDS?
2) Should we deduct TDS on whole debit notes & invoice amount because of profit element on reimbursement by Rs. 3 & 1
3) What we do on actual basis?
Please advise.
Our CHA has paid 'detention charges' Rs. 40917, 'in haulage charges' Rs. 22824 on our behalf. & Issue the debit notes for the same by Rs. 40920 & Rs. 22825. Also issue separate for their Agency charges etc. for Rs. 8500.
My query is :-
1) On which amount we have to deduct TDS?
2) Should we deduct TDS on whole debit notes & invoice amount because of profit element on reimbursement by Rs. 3 & 1
3) What we do on actual basis?
Please advise.
29 May 2013
1) deduct tds only on 8500(agency charges)
2)No tds required if he is claiming re-imbursement expences seperately
CBDT Circular 715, dated 8.8.1995
as per CBDT Circular No.715, dated 8.8.1995 it was clearly given that if re-imbursement of expences are also included in gross amount of bill tds to be deducted where as if seperate bill raised for re-imbursement of expences tds .not applicable
2)No tds required if he is claiming re-imbursement expences seperately
CBDT Circular 715, dated 8.8.1995
as per CBDT Circular No.715, dated 8.8.1995 it was clearly given that if re-imbursement of expences are also included in gross amount of bill tds to be deducted where as if seperate bill raised for re-imbursement of expences tds .not applicable
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Credit rating model
- 115-BAC-for AOP-private discretionary trust
- Youtube income
- Insurance make against any item and later get insurance claim received
- IN PAGHDI SYSTERM . RENT RECPT CHANGE OF NAME AFTER FAMILY PARENTS TO SON
- TCS Return Without PAN
- CAN a GSTIN registered under rule 14A opt for composition scheme without withdrawal from rule 14A ??
- If Material shift from dry port local egm details not refleting on ICE gate portal
- Requirement of Form 15CA CB - Rent payment
- E-Invoice applicability related question
- INCOME TAX QUERY FY25-26()\
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- APPLICABILITY OF RCM ON MAN POWER SUPPLY BY UN REGISTERED PERSON TO REGISTERED PERSON.
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
