09 June 2011
Any payament or expenditure made on behalf of company or suppliers which will be reiumbersed by the same or debited to their account accordingly. whether payment can be made in cash in excess of Rs. 20000/- and whether TDS will be deductable in case of payment made for hotel bills, traveling bills, seminars, advertisments and on business promotion expenses on behalf of suppliers?
09 June 2011
No payment in excess of Rs 20000 even for the reimbursement of Expenses.
Yes, a)hotel bills(194I)As a Rent if it is for room rent on regular basis b)Seminars, Advertisement, and business promotion normally comes under 194 C So you need to deduct the TDS.
CAclubindia
