Tds

This query is : Resolved

CA M.NAGARJUNA REDDY (Querist)
Follow

21 February 2012 Any one please suggest me on the following issue..!!

There is one Manufacturing company which gave dealership to some of the dealers to sell it's products.
For dealers, for settingup their infrastructure and everything to run their dealership, company is making provision in the form of Dealer Development Fund.
Whenever dealers incurring any capital expenditure for their infrastructure facilities, company is reimbursing 50% of the amount spent to that dealers.
Whether TDS should be made on that reimbursement amount by the company or not...?

CA. Hari Kishan

CA. Hari Kishan (Expert)
Follow

21 February 2012 I am of the view that no tds shall be required to be deducted on such payment as the nature of payment shall not be covered under any TDS provisions. Should you even go ahead to decide to deduct TDS there is no appropriate head under which you can deduct.

Message likes : 1 times

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

Ashif Cheenikkal

Yandamuri yesu raju

Venkateshwaran Ekambaram

Rohit Sachdeva

CA Rahul Patwardhan

Subscribe Now

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