TDS on Guest house Bill

This query is : Resolved

R.Purna Ch. Achary (Querist)
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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

sandip bhogayta

sandip bhogayta (Querist)
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10 April 2009 Dear All
we are a leading manufacturer of pig iron, now we want to go for producing a cast iron articles & this cast iron articles is aslo used in our plant & machinery for the production. now sir plz suggest me for
which document prepare for the issue of pig iron for producing C.I.Casting. & also C.I. casting issue for used as a plant & machinery. & its a mandatory to issue EXCISABLE INVOICE for the issue of goods for captive consumption.
plz suggest me a good procedure for mentaining records asper excise rules
thanks in advance.

a waiting for your reply.

regards

sandip bhogayta

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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10 April 2009 To R.Purna Ch. Achary

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.

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CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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10 April 2009 answered

Madhukar N Hiregange

Madhukar N Hiregange (Expert)
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21 April 2009 For captive manufacture of parts of machinery it maybe advisable to issue on invoice on self indicating approximate value - no commercial conisderation and Not 67/95 for exemption from payment of CED.