TDS on auditors out of the pocket expenses
Querist : Anonymous
our statutory auditor has billed our company for reimbursement of out of the pocket expenses incurred. Is T.D.S to be deducted on such expenditure. he has not provided us any bills for out of the pocket expenses incurred by his auditing staff. he has claimed100/day of work for each of his auditing staff as out of the pocket expenses. would the answer change if the auditor provides Lunch & traveling bills of accounting staff and reimbursement is made on the basis of actual expenditure incurred by his staff.
Querist : Anonymous
Is T.D.S not required even if the out of the pocket expenses claimed is on approximate basis without any proof of actual expenditure incurred.
Circular : No. 715, dated 8-8-1995.
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