TDS on auditors out of the pocket expenses
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 January 2011
Dear Sir,
our statutory auditor has billed our company for reimbursement of out of the pocket expenses incurred. Is T.D.S to be deducted on such expenditure. he has not provided us any bills for out of the pocket expenses incurred by his auditing staff. he has claimed100/day of work for each of his auditing staff as out of the pocket expenses. would the answer change if the auditor provides Lunch & traveling bills of accounting staff and reimbursement is made on the basis of actual expenditure incurred by his staff.
our statutory auditor has billed our company for reimbursement of out of the pocket expenses incurred. Is T.D.S to be deducted on such expenditure. he has not provided us any bills for out of the pocket expenses incurred by his auditing staff. he has claimed100/day of work for each of his auditing staff as out of the pocket expenses. would the answer change if the auditor provides Lunch & traveling bills of accounting staff and reimbursement is made on the basis of actual expenditure incurred by his staff.
19 January 2011
No TDS is required.
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 January 2011
sir,
Is T.D.S not required even if the out of the pocket expenses claimed is on approximate basis without any proof of actual expenditure incurred.
Is T.D.S not required even if the out of the pocket expenses claimed is on approximate basis without any proof of actual expenditure incurred.
19 January 2011
- Since section 194J refers to ‘any sum paid’, reimbursement of actual expenses cannot be deducted out of the bill amount for the purpose of tax deduction at source.
Circular : No. 715, dated 8-8-1995.
Circular : No. 715, dated 8-8-1995.
Message likes :
1 times
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
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Refund of AY 22-23
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- TDR receipts for agreement holder
- Applicability of Ind As to associate of associate
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- GST REFUND ON EXPORT EXPENSES OF EXEMPTED GOODS
- GSTR9 and 9c
- Ineligible ITC taken
- Vivad se vishwas scheme 2024 new
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
