13 August 2008
if the amount of a bill partly comprises of professional charges and the rest amount is for reimbursement ,then on which amount tds willbe deducted ?
13 August 2008
The tds provision will have to be applied on the gross amount of the invoice which will be including the reimbursemnt amount if the same is not shown seperately.
14 August 2008
In view of circular no 715 tax at source is also to be deducted on the reimbursement of expenses. As such Tax is to be deducted if the bill also includes reimbursement claims also.
CAclubindia
