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TDS on Reimbursement
The answer is very simple. The person appointed for the purpose of discharging the liability of octoria is expected to provide the receipt for payment thereof. Then no TDS will be deducted on that amount. In theabsence of proof of payment, the full amount will be liable to TDS.
Plz tell mewhether tds wiil b applicable on reimbursement to employyes
Dear,It depends the nature of reiumbersement. if Its Exp. for company or personnel exp. reiumbersment in medical/Conveyance ETC is taxable,others are not.
Pls do tell me the Circular No.
When party received a Octroi bill as following from his Octroi agent then what is TDS Amount & on Which Rate / Why?
Octroi charges = 53,574/-
Finance charges = 804/- (1.5% of octroi)
Clearing charges = 500/-
Form charges = 10/-
Total = 54,888/-
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