TDS deduction

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This query is : Resolved

Ravi Kumar Rajgaria (Querist)

27 May 2010 I paid some expenses which belongs to my company from my credit card and company pay me by cheque. Here whose responsibility is to deduct TDS and when?

Jitender

Jitender (Expert)

27 May 2010 its ur company's responsibility to deduct TDS.

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)

27 May 2010 agreed, company has booked the expenese in it's book. Hence it is sole responsiblity of company to deduct TDS.

Gajendra R. Tiwari

Gajendra R. Tiwari (Expert)

27 May 2010 expenses incurred for the company and then the company reimburse u such expenses, it does not attract TDS.

taxindiaconnect

taxindiaconnect (Expert)

27 May 2010 The company which is booking the expenditure should deduct TDS if the expenditure is covered under any of the section of chapter XVII. Since the expenditure has already been paid in this case, the company should gross up the expenditure u/s 195A and deduct and pay TDS accordingly.

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