tds on reimbursement of fuel?
This query is : Resolved
10 February 2011
A company has hired a car from an agency for its employees. The agency sends the car in the morning picks up the employees and stays with the company for the full day. the car is also used for various other official purpose, at the end of the day the car drops the employee. At the end of the month the agency is sending a consolidated bill containing the fixed rental part and reimbursement of petrol, mobil according to the kilometers travelled and driver's overtime expenses .
What should company do, on what amount the company should deduct TDS and at what rate?
What would be the position if the agency is submitting a two separate bills for one for hire charges and another for reimbursement of fuel???
What should company do, on what amount the company should deduct TDS and at what rate?
What would be the position if the agency is submitting a two separate bills for one for hire charges and another for reimbursement of fuel???
10 February 2011
You should deduct TDS u/s 194C of the Act on the total amount of the bill including reimbursement of Petrol Expenses.
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
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- 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
