Should we deduct TDS on Reimbursement of Expenses incurred to a Private Limited Company by its Director
If so under what Section & under What Code it should be deposited.
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TDS on Reimbursement of Expenses
Replies (3)
TDS is not required to deduct, If bill is separately raised for reimbursement of expenses.
IF YOU ARE SAYING THAT DIRECTOR HAS MADE A PAYMENT ON BEHALF OF COMPANY AND LATER CO. REIMBURSE THAT TO DIRECTOR THEN,
YES COMPANY, DIRECTOR SINCE HE MADE THE PAYMENT, HAVE TO DEDUCT TDS . AS INVOICE HAS BEEN ISSUED ON COMPANY'S NAME.
Thanks in which should I deposit the deducted tax
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