No obligation to deduct TDS on amounts paid as reimbursement of expenses

0 Comments

1. motichand gupta says:

   Dear Yogesh,

   Rs. 100/- which is service tax component, on this TDS is out of question as per Circular no. 1/2014 dated 13.01.2014.

   Rs. 200/- being reimbursement where voucher is taken in the name of deductor, no TDS is applicable.

   Rs. 700/- being out of service, TDS is applicable.

     Reply

   July 31, 2015 at 2:26 pm
2. Yogesh Purohit says:

   Dear sir,

   I would like to clarify few things that if a bill of Rs.1000 is given where Rs.700 is towards services rendered, Rs.200 towards reimbursement of expenses & Rs.100 toward service tax then the TDS will be deducted on Rs.700 for services rendered or Rs. 900 (700+200) because bill amounts to Rs. 1000.

     Reply

   July 31, 2015 at 1:53 pm
3. CMA Nitin Fatangare says:

   Dear Sir,

   My Query is that Who is responsible for deduct TDS on that expenses which one company pay on behalf other company and reimbursement the same.

   Because both company if not deducted TDS, there may be loss of revenue of Income Tax Dept.

   Hence i think TDS Deduct by first Company and provide TDS Certificate to deductee and same copy to other co. for proving deduction of TDS on exp. by one co. on behalf of other Co. and other co. will allowed Exp. as deduction from business Income.

   If any pls. confirm

   Thanks & Regards,
   CMA Nitin Fatangare
   [email protected]

     Reply

   July 31, 2015 at 10:47 am