banner_ad

Sec 195 TDS matter very urgent

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 March 2009 Are provisions of Sec. 195 of IT Act, 1961 applicable?

eg:
There is JV between two companies Indian & Foreign.
Suppose Foreign Co. provides some employees to JV and those emplyoees while on duty incurr some expenses on behalf of JV which calls for reimbursement. Now Foreign Co. reimburses those expenses and raises debit note of those expenses on JV. JV for whom actual expenses are incurred reimburses those expenses to Foreign Co. To make it convinient Foreign Co. plays intermediater role.

Is payment towards debit note i.e. reimbursing of Expenses to Foreign Company falls under provisions of Sec. 195??


Please reply to matter its urgent.

Citation of Case laws in favour of not application of Sec. 195 will highly be appreciated.

Thanks.
Profile Image

Rajesh Kumar

Profile Image

Rajesh Kumar (Expert)
19 March 2009 S 195 will apply.
Profile Image

Viren

Profile Image

Viren (Querist)
19 March 2009 any reason. Cause reimbursement of expenses is not income chargeable under the Act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details