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TDS On Reimbursement of Exps (CONVEYANCE AND MEDICAL REIMBURSEMENT)
Co has hired consultant on monthly fees of Rs 75000. consultant also gets reimbursement of various exps like convenience (Local train pass and other modes of transport) he also gets reimbursement of medical expenses my question is whether reimbursement of above expenses are also liable for TDS if yes then under which section.
Replies (2)
Yes. U/s. 194J (reducing the expenses actually incurred.)
The consultant is supposed to raise the invoice having both Professional fees and Reimbursement amount as components.
He will charge GST on Professional fee only.
TDS would be deducted on whole amount (net of GST) under section 194J @ 10%.
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