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?
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.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CLOSING STOCK QUERY
- Loss of interest in PF transfer from EPFO to Trust
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- TDS on rent received on hardship compensation being rent on redevelopment of building
- F&O reporting in ITR
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
