Tds on reimbursement of exps
This query is : Resolved
19 April 2012
THE CLEARING & FORWARDING AGENT PAYS ALL THE EXPS LIKE CFS, GROUND RENT, STAMP DUTY, INSURANCE,CUSTOM DUTY ON BEHALF OF THE COMPANY IN CASH & PAY ORDER. THE SAME EXPS IS REIMBURSED BY THE COMPANY AFTER DEDUCTING TDS ON THE EXPS MADE ON BEHALF OF CO.THE BILL MADE BY THE C & f AGENT SHOWS ALL EXPS & THEIR AGENCY CHARGES IN SAME BILL & SERVICE TAX ON AGENCY CHARGES. SO MY QUESTION IS WHETHER TDS SHOULD BE DEDUCTED BY THE CO. OR NOT ON REIMBURSEMENT OF EXPS
THANKING ALL EXPERTS FOR THEIR FEEDBACK IN ADVANCE.
THE CLEARING & FORWARDING AGENT PAYS ALL THE EXPS LIKE CFS, GROUND RENT, STAMP DUTY, INSURANCE,CUSTOM DUTY ON BEHALF OF THE COMPANY IN CASH & PAY ORDER. THE SAME EXPS IS REIMBURSED BY THE COMPANY AFTER DEDUCTING TDS ON THE EXPS MADE ON BEHALF OF CO.THE BILL MADE BY THE C & f AGENT SHOWS ALL EXPS & THEIR AGENCY CHARGES IN SAME BILL & SERVICE TAX ON AGENCY CHARGES. SO MY QUESTION IS WHETHER TDS SHOULD BE DEDUCTED BY THE CO. OR NOT ON REIMBURSEMENT OF EXPS
THANKING ALL EXPERTS FOR THEIR FEEDBACK IN ADVANCE.
19 April 2012
As the Invoice of C&F Agent includes all the
amounts including the reimbursement of expenses, TDS has to be deducted on the entire bill.
.
If C&F raises separate Debit Note for the expenses incurred on behalf of the Company, with necessary evidences in the name of the Company, and no service charge is being added by the C&F Agent, in such case TDS is not required to be deducted on reimbursement. Please also refer-
https://www.caclubindia.com/experts/tds-on-reimbursement-to-c-f-agent-14751.asp
amounts including the reimbursement of expenses, TDS has to be deducted on the entire bill.
.
If C&F raises separate Debit Note for the expenses incurred on behalf of the Company, with necessary evidences in the name of the Company, and no service charge is being added by the C&F Agent, in such case TDS is not required to be deducted on reimbursement. Please also refer-
https://www.caclubindia.com/experts/tds-on-reimbursement-to-c-f-agent-14751.asp
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
- Refund Annexure-B
- House Property Reporting in ITR
- TDS Claim year
- Liable to deduct tds and 44ADA
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Rent lease agreement
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- Merchant Export Accounting
- SGST balance is there in credit ledger how to adjust for cgst
- Internship/Academic shown in Salary Pay Slip of a Doctor
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
