TDS on Clearing & Forwarding
This query is : Resolved
Kapil Jain
(Querist)
29 March 2011
Dear Friends
A clearing & forwarding agent raise a bill for his service and out of pocket exp
showing separetly in single bill by coulum
does out of pocket exp liable to Tds
A clearing & forwarding agent raise a bill for his service and out of pocket exp
showing separetly in single bill by coulum
does out of pocket exp liable to Tds
CMA Ramesh Krishnan
(Expert)
29 March 2011
TDS not applicable when the bills are raised for out of pocket expenses
CA.ViVeK M ACA
(Expert)
29 March 2011
TDS will not be extended to out of pocket expense since this will not constitute the income rather re imbursement of expense
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