Whether tax is deducted on reimbursement of expenditure.
Please provide the extract of provision or any current case laws on the said topic.
Experts please guide....
Menu
Tds on reimbursement of expenditure
Replies (2)
This is a common query and is very widely debated too.
The Delhi Bench of ITAT has held in 2005 that reimbursement for which a separate bill is issued, there need not be TDS.
However section 194C and 194J uses the words "any sum paid" to the deductee for TDS.
Therefore if a consolidated bill is given then the entire amount is attracted otherwise not.
Regards,
This is a common query and is very widely debated too.
The Delhi Bench of ITAT has held in 2005 that reimbursement for which a separate bill is issued, there need not be TDS.
However section 194C and 194J uses the words "any sum paid" to the deductee for TDS.
Therefore if a consolidated bill is given then the entire amount is attracted otherwise not.
Regards,
Recent Topics :
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
Related Topics :
CAclubindia
