Tds
This query is : Resolved
06 December 2013
one of our service provider shipping co.(A), which provide the service to our co. by the other shipping co. (B), instead of providing itself. the same co. raised bill on the earlier co. the earlier co. make the payment after deducting the TDS.now co.(A) raised the bill on our co.my query is that wether we make the payment to the co.(A)after deducting the TDS or not?
06 December 2013
It seems that Bill raised by Compnay A is of pure reimbursement nature.If it is so,no TDS needs to be deducted.If Co A is charging something for services provided then you need to deduct TDS,if its just raising the seperate invoice for reimbursement then no TDS liabilty on that bill.
Reference
ITO Vs Dr.Willmar Schwabe India (P) Ltd. [2005] 95 TTJ 53 (Del)
Reference
ITO Vs Dr.Willmar Schwabe India (P) Ltd. [2005] 95 TTJ 53 (Del)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
Trending Online Classes
CAclubindia
