TDS on reimbursement of exp?
This query is : Resolved
16 July 2010
Dear All,
One of our clearing & forwarding agent raised bill for rs.26,600/-
for following particulars:
1)Transportation chgs (Receipt provided) 16000/-
Octroi Chrgs (Receipt Provided)Rs.500/-
DEPB Fees Rs.1500/-
Documentation Charges Rs.8500/-
& others (receipt provided) Rs.600/-
Whether to deduct tds on all the above components or to exclude those exp. for which Receipt is provided by the agent & to deduct tds only on documentation charges?
Thanks in advance..
Sushil.
One of our clearing & forwarding agent raised bill for rs.26,600/-
for following particulars:
1)Transportation chgs (Receipt provided) 16000/-
Octroi Chrgs (Receipt Provided)Rs.500/-
DEPB Fees Rs.1500/-
Documentation Charges Rs.8500/-
& others (receipt provided) Rs.600/-
Whether to deduct tds on all the above components or to exclude those exp. for which Receipt is provided by the agent & to deduct tds only on documentation charges?
Thanks in advance..
Sushil.
16 July 2010
If combined/consolidated bill is given then you will have to deduct TDS on total bill amount(i.e. including reimbursement of exp). If separate bill given you can deduct TDS only on transportation / clearing forwarding charges.
17 July 2010
Agree with Sanjay's opinion.
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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Value of property in capital gain
- Multiple trade mark
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
