TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 June 2010
Please clarify ,
X and Y are sharing the stall in the GOVT organised exhibition,
X pays GOVT for the stall Rs. 4 lacs and no TDS,
Y pays X his share of 2 lacs , is TDS applicable for him to claim this expenditure............it is not an income to X as it is just reimbursement.
Please clarify ,
X and Y are sharing the stall in the GOVT organised exhibition,
X pays GOVT for the stall Rs. 4 lacs and no TDS,
Y pays X his share of 2 lacs , is TDS applicable for him to claim this expenditure............it is not an income to X as it is just reimbursement.
02 June 2010
Though he is paying the amount to his partner as share of his expenditure not as a rent, there is no tds applicable.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
02 June 2010
Thank u very much
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