Dear All,
Pls clarify me whether a subsidary company is liable to deduct TDS on reimbursement of any expenses to holding company apart from sales and purchases made.
If TDS is deductible, clarify under which section it is deductible and what percentage?
If no TDS is to be deducted, kindly clarify under which section or cicular it is applicable for non-deduction of TDS.
Thanks in Advance......
if any expenses is reimbursed with proper supporting then no tds is required to be deducted, like for a case if telephone expenses is reimbursed it should be supported with bills.
plz explain what u reimbursing
Sir,
Thank you.... for reply.
Reimbursement includes project expenses, training exps and software development exps paid by subsidary company to holding company.
Thanks in Advance...
CAclubindia
