A consultant raises one invoice both for reimbursement of expenses and the consulancy services rendered during a particular period. How should we deduct the tax ,is it on the total value or the consultancy services alone. Please clarify.
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TDS on Composite bill
Replies (5)
if seperate bills were issued then no TDS on reimbursement of expenses but if one single bill is issued then u have to deduct TDS on whole amount.
I agree to Saurabh.
I disagree with Mr. Sourabh Sharma & Mr. Dilip Wankhede .
Tax shall be deducted at the rate of 10% on the total bill (gross including reimbursement of expenses) amount charged.
Please refer Circular No. 715, dated August 8, 1995.
Provided the amount should exceed Rs. 20000/- during the F.Y. U/s 194J.
Prabeer is right....TDS undr 194J
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