10 April 2009
Our Company directors stay in Guest house which is not maint. by our company.the guest house provided food,telephone,lundry & entertaiment.and lodgind & Boarding. the bill is made on our company. our company pay this amount. Can I deduct TDS. if Yes What percentange I deduct , under which section ?
with regards R.Purna Ch. Achary Jr.Finance officer DAESUNG ELECTRIC INDIA PVT. LTD
10 April 2009
as per income tax act there is no tax deducted on Exp. relates to Guest Accommodation but the amount of expenses is chargeable under the FBT.