TDS on Bonus Reimbursement


This query is : Resolved 

(Querist)
24 November 2008 Our company contracted with some Contractors for providing labour.Company agreed to reimburse the P.F.& bonus to contractor as per law.Now Contractor seperatly raised the bill of Bonus & ask us to reimburse as per contract.Now I want to know whether TDS ia applicable on such reimbursement?

Ajith Kumar (Expert)
24 November 2008 Yes, any payment made to the contractor attracts TDS

Ravikumar.G (Expert)
24 November 2008 Any monetary payments to contractors will attract TDS.


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