tds on cards

This query is : Resolved

jinesh (Querist)
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20 January 2010 hi,
Dear Sir,

I wanted to know about the Whether Co. is making payment against credit card of MD.

tds deducted or not

CA Prashant Gupta

CA Prashant Gupta (Expert)
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20 January 2010 it depends on the nature of payment.
if MD use this card for payment of company expense and now company is reimbursing it then no TDS.
if this payment is for MD personal expenses then it will be clubbed in income of MD and Comapny will deduct TDS.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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20 January 2010 If the expenses offial nature- No TDS

If the expenses personal nature reimbursement- TDS will applicable

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