TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 June 2011
Should TDS be charged on the amount which is reimbursable ?
If not charged than should it be added to my income or not ?
If not charged than should it be added to my income or not ?
18 June 2011
The Board has through Circular No.715 dated August 8,1995 clarified that since Section 194J refers to "any sum paid", reimbursement of actual expenses cannot be deducted from the bill and that such reimbursement will also have to be taken into account in deducting tax at source.
However, the issue of whether tax deduction will be attracted where such expenses are claimed through a separate statement stands unclarified by the Board.
However, the issue of whether tax deduction will be attracted where such expenses are claimed through a separate statement stands unclarified by the Board.
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