Tds u/s 194c reimbursement of exp.
This query is : Resolved
Pankaj Joshi
(Querist)
31 October 2014
Assessee paid Rs. 1,20,000 to Clearing and Forwarding Agent during the F.Y. 2013-14. Amount includes 1,00,000 for reimbursement of expenses and 20,000 for the fees. Separate bills issued for reimbursement of exp. and fees.
Query is Whether TDS is deductible on Reimbursement amount as well as on Fees amount because fees amount is below Rs. 75,000(Limit specified u/s 194C)
Query is Whether TDS is deductible on Reimbursement amount as well as on Fees amount because fees amount is below Rs. 75,000(Limit specified u/s 194C)
31 October 2014
TDS is not applicable on reimbursement of expenses.
If amount of fees does not exceed thresh hold limit then TDS is not deductible.
If amount of fees does not exceed thresh hold limit then TDS is not deductible.
Pankaj Joshi
(Querist)
31 October 2014
Is there any clarification in the act or rules regarding non deduction of TDS on reimbursement of expenses u/s 194C.
Pankaj Joshi
(Querist)
03 November 2014
Query is still open. Please reply.
07 November 2014
Dear Pankaj,
Pls click on below link
https://www.smafirm.in/advisory-services/
Pls click on below link
https://www.smafirm.in/advisory-services/
Pankaj Joshi
(Querist)
07 November 2014
Thank u so much. I hope ITO must consider this judgement for Section 194C as well.
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