TDS is applicable or not??
This query is : Resolved
09 June 2011
Any payament or expenditure made on behalf of company or suppliers which will be reiumbersed by the same or debited to their account accordingly. whether payment can be made in cash in excess of Rs. 20000/- and whether TDS will be deductable in case of payment made for hotel bills, traveling bills, seminars, advertisments and on business promotion expenses on behalf of suppliers?
09 June 2011
No payment in excess of Rs 20000 even for the reimbursement of Expenses.
Yes,
a)hotel bills(194I)As a Rent if it is for room rent on regular basis
b)Seminars, Advertisement, and business promotion normally comes under 194 C
So you need to deduct the TDS.
Yes,
a)hotel bills(194I)As a Rent if it is for room rent on regular basis
b)Seminars, Advertisement, and business promotion normally comes under 194 C
So you need to deduct the TDS.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- Can partnership firm show income under 44ad
- Banking Related Issue
- Rental income of jointly held property
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
