Rate of % @ which TDS should be made on Reimbursement of Exp

TDS 1660 views 8 replies

Hi,  i wanted to know @ what rate of Percentage should we deduct TDS on REIMBURSEMENT OF EXPENSES made by COMPANY LIMITED BY SHARES.

Replies (8)

the same % as that of the nature of expense for which tax is to be deducted. for eg reimbursement of expenses made by professional, taax shall be deducted @ 10% for AY 2010-11

Mubeen is right.

Dear Mubeen

How can we deduct the TDS on Reimbursement of Expenses only. Please explain the same

Circular No. 715 dated 08.08.1995, says TDS on reimbursement on payment against Sec 194C & 194J

Dear Mubeen

Thanks for reply. I read the circular No.715 there has mentioned reimbursements cannot be deducted out of the bill amount for the purpose of tax deduction at source. But if any one claim remiburesment sepretly and issue a seprate bill only for service charges then TDS will be charged on both claim or only bill of service charges.

Originally posted by : Manindra Kumar
Dear Mubeen
Thanks for reply. I read the circular No.715 there has mentioned reimbursements cannot be deducted out of the bill amount for the purpose of tax deduction at source. But if any one claim remiburesment sepretly and issue a seprate bill only for service charges then TDS will be charged on both claim or only bill of service charges.

 

That is only for 194J

thnx

what is rate tds for royality on minning?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register