Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 June 2012
A non-executive director of Limited Company, is claiming reimbursement of vehicle expenses without submitting any bill. The said bill includes, EMI paid to a NBFC. Would the reimbursement be subjected to TDS & under whch section? Is it necessary to segregate the EMI in the bill amount & deduct TDS u/s 194A on the interest element considered in EMI paid to NBFC? Pl. reply suitably
06 June 2012
Payments made to NBFCs are not subject to TDS.
Any reimbursements made do not attract TDS.
In your case, TDS is not appilcable.
Any reimbursements made do not attract TDS.
In your case, TDS is not appilcable.
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