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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Rental income of jointly held property
- FEMA regulation Act. for inward remitance
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
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
