Income tax
This query is : Resolved
31 July 2011
Whether TDS is to be deducted on reimbursement of expenditure paid to clearing and forwading agent
01 August 2011
No,In case of separate bills with supports provided for reiumbersements.
01 August 2011
Circular No. 715 dated 08.08.1995 and the decision of Delhi bench of ITAT in the case ITO V. Dr. William Schwabe India (P) Ltd., says reimbursement of expenses for which bill is separately raised did not attract the provision of Section 194J.
However, if a consolidated bill is raised then the entire amount of bill is subject to TDS.
Though the above position is related to section 194J, same analogy can be adopted for other section related to TDS.
However, if a consolidated bill is raised then the entire amount of bill is subject to TDS.
Though the above position is related to section 194J, same analogy can be adopted for other section related to TDS.
01 August 2011
I agree with the expert Chackarpani
02 August 2011
For Reimbursements, one should raise his/her invoice separately and should not include in his/her consultancy invoice to avoid income tax applicability. Mr Chakarpani is correct in saying that reimbursements do not come under the ambit of income Tax if invoice is raised separately.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
