tds on reimbursement of out of pocket wxpenses
This query is : Resolved
12 August 2008
can any one help me out whether tds is required to be deducted for reimbursement of out of pocket expenses and under which section?
CA Abhishek Tyagi
(Expert)
12 August 2008
For out of pocket expenses one should raise the debit note seperatoly otherwise the same will be liabile to TDS provision undet the same section in which the payment other than out of pocket expenses falls.
S.Srinivasaraghavan
(Expert)
13 August 2008
Reimbursement of out of pocket expenses would also liable for TDS if they are not supported by necessary documents proving that the expenditure was indeed incurred specifically for the purpose.
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