28 October 2008
actually.. my que is abt tds. is it applicable for reimbursement of Exp.? MY labourer paid freight exp. on behalf of me & then he produced me the bill including labour amt + fright & airway bill amt. the amt. of freight is more than 2 lacs. my labourer didnt deduct tax. this thing happended in f.y. 2005-06. it arised at a time of scrutiny. i read circular no. 715. it said i have to deduct. i have hearing as on 5th of nov. plz. give me case regarding this question & even circualr also. i need it.
29 October 2008
There is no need of any circular or notification, as this is very clear in section 194C...You have to deduce the amount and pay to govt...