TDS on reimbursement
This query is : Resolved
CA Gaurav Rastogi
(Querist)
23 February 2009
Dear Sir,
If any expenses is there on which we have deducted TDS and that expense is reimbursed in entirety to us by our party (debtor) then Whether that party will deduct TDS from such reimbursemnet to us or not. My view is yes that party deduct TDS.
Please Advice.
If any expenses is there on which we have deducted TDS and that expense is reimbursed in entirety to us by our party (debtor) then Whether that party will deduct TDS from such reimbursemnet to us or not. My view is yes that party deduct TDS.
Please Advice.
CA Nitin Wadhwani
(Expert)
23 February 2009
Yes.
Tax has to be deducted.
Tax has to be deducted.
CA.MANOJ LAMBA
(Expert)
23 February 2009
I ALSO AGREE WITH NITIN
CA Gaurav Rastogi
(Querist)
23 February 2009
i.e both , Company and the Debtor of the comapany will deduct TDS on the same Expenditure while it is expenditure in the hands of The debtor only.
One more question.
Who of the two is liable to pay FBT in the same situation. Whther we can pay and recover or FBT would be payable by the Debtor?
Kindly explain the answer.
One more question.
Who of the two is liable to pay FBT in the same situation. Whther we can pay and recover or FBT would be payable by the Debtor?
Kindly explain the answer.
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