Being an employer, If I decide to reimburse RENT for every month of a consultant hired, shall I deduct TDS for the reimursement at the rate of 10% ?
Menu
Tds on consultant
Replies (3)
If the reimbursement has been billed separately then no tax needs to be deducted.
However, if there is no separate bill then Tax needs to be deducted @ 10%
However, if there is no separate bill then Tax needs to be deducted @ 10%
If billed seperately, whether the same should be addressed in company name? Also can he show as Reimbursement of Rent in descripttion?
yes the separate bill should be in name of company and also indicating the fact that it is on account of reimbursement
Recent Threads
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
Related Threads
CAclubindia
