Is TDS IS DEDUCTED ON REIMBURSEMENT ?
Menu
Tax Deducted at Source
Replies (12)
No ,TDS is not deducted on re-imbursement.
No TDS is never deducted on reimbursements...
no
No TDS is required to be made on re-imbursement
not deducted and the logic is Reimbursment is not an income.
No TDS is required to be made on re-imbursement
hi ..
can any one help me ..
is tds to be deducted on the medical advance given to employee
Medical advance is not a part of salary, TDS is deducted on Gorss salary ( after deduction Under chapter VIA), and it should be given to the employer in near future or adjusted against salary, so TDS is not deducted on medical advance.
Reimbursement cannot be deducted out of the bill amount for the purpose of tax deduction at source.
no
| no tds is required to be made on medical advances | ||
| " | hi .. can any one help me .. is tds to be deducted on the medical advance given to employee |
" |
|
Dear Friend, Please note if reimbursement of expenses to employee THAN NO TDS. if reimbursement of Expenses to contractor. - Since Section 194C refers to “any sum paid”, if the bill contains reimbursement of expenses also, the TDS is applicable on the reimbursements also. [Circular No.715 dt.8-8-1995]. However, if there are separate bills for contract payments and reimbursement of expenses, then, TDS is not required to be made on reimbursement of expenditure. Thanks Praveen
Originally posted by :Puneet Nayyar |
||
| " | Is TDS IS DEDUCTED ON REIMBURSEMENT ? |
" |
no
Recent Threads
- Discuss and Download CA Inter Question Paper Janua
- Discuss and Download CA Final Question Paper Janua
- Accounting Entry for samples received from princip
- Many of my clients who are bank employees received
- Missed filing for AY 2022-23. TDS refund possible
- Form 26QB: Assessment Year Based on Payment Date o
- Revision of Tax Audit
- IT Return 2023-24
- LUT for Companies Using EVC and Not DSC?
- UDIN Generation 44ADA
Related Threads
CAclubindia
