Tds on expenses?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 August 2013
Will TDS be deducted if the company has incurred expenses relating to business such as Business Promotion/Restaurant payments over 1 lakh in a financial year?
If so, under which section and what is the
individual/composite limit?
If so, under which section and what is the
individual/composite limit?
CA PARAS BAFNA
(Expert)
13 August 2013
TDS is deducted on certain payments and not all payments or expenses.
.
Rent, Commission, Salary, Contractor payments, Interest, Consultancy fee etc are the main heads of expenditure under which the payer has to deduct TDS of the payee.
.
.
Rent, Commission, Salary, Contractor payments, Interest, Consultancy fee etc are the main heads of expenditure under which the payer has to deduct TDS of the payee.
.
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