Tds On Reimbursement Charges
This query is : Resolved
26 February 2020
Dear Experts,
Tds is applicable on reimbursement Charges, hence Clearing charges third Party Bills are submitting in the Name of Our Company, same that party we don't Know and they are Paying on Behalf of us and taking reimbursement.
the above scenario we are deduct Tds or what Please suggest us.
Regards
Udaykumar
9742416512
Tds is applicable on reimbursement Charges, hence Clearing charges third Party Bills are submitting in the Name of Our Company, same that party we don't Know and they are Paying on Behalf of us and taking reimbursement.
the above scenario we are deduct Tds or what Please suggest us.
Regards
Udaykumar
9742416512
Sashank Dundu
(Expert)
27 February 2020
In my opinion:
TDS is not required to be deducted in case of 'Reimbursements' under the income tax provisions. But an agreement specifically stating such payments to be reimbursements should be in existence for the purpose of proof before depatment and appellate authorities.
TDS is not required to be deducted in case of 'Reimbursements' under the income tax provisions. But an agreement specifically stating such payments to be reimbursements should be in existence for the purpose of proof before depatment and appellate authorities.
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