Tds on expenses reimbursement by ca
This query is : Resolved
10 December 2013
I have cleared my PCC. Done with my Articleship on may'11. Appearing in May'14 Final exams.
what are the formalities i have to complete like GMCS etc?
I shall be highly obliged if anybody can guide me deeply.
Deepak
what are the formalities i have to complete like GMCS etc?
I shall be highly obliged if anybody can guide me deeply.
Deepak
10 December 2013
Expenses (i.e. Advocate Fee) incurred by chartered accountant on behalf of client. And the same reimbursed by client (i.e. Advocate Fee) by way of reimbursement of expenses. Whether chartered accountant liable to deduct TDS on Advocate Fee?
10 December 2013
you need to undergo gmcs course only once since u completed articleship b4 1.5.2012.
10 December 2013
if auditor pays fee to advocate as a pure agent he can claim it as re-imbursement from client
.
.
however he have to provide due supporting and advocate invoice to client
.
TDS not applicable on re-imbursement expences
.
please note that client only treated as service receiver here and he will be liable to deposit service tax under reverse charge if he received service from individual advocate or firm of advocates
.
.
however he have to provide due supporting and advocate invoice to client
.
TDS not applicable on re-imbursement expences
.
please note that client only treated as service receiver here and he will be liable to deposit service tax under reverse charge if he received service from individual advocate or firm of advocates
10 December 2013
yes, no tds on reimbursement of out of pocket exp.
10 December 2013
A student who has passed Intermediate / Professional Education (Examination – II) / Professional Competence Course and is serving his last 12 months of articles is eligible to complete the course. The requirement of compulsory attendance in this course applies to all the Articled/ Audit Assistants:
A student after being declared successful in the Final Examination under old or new scheme can be admitted as an associate member only after completion of the course on General Management and Communication Skills
A student who completes Three Months’ Residential Programme in General Management, Personality Development and Communication Skills organized by the Board of Studies will not be required to undergo GMCS Course.
A student who has passed Intermediate / Professional Education (Examination – II) / Professional Competence Course and is serving his last 12 months of articles is eligible to complete the course. The requirement of compulsory attendance in this course applies to all the Articled/ Audit Assistants:
A student after being declared successful in the Final Examination under old or new scheme can be admitted as an associate member only after completion of the course on General Management and Communication Skills
A student who completes Three Months’ Residential Programme in General Management, Personality Development and Communication Skills organized by the Board of Studies will not be required to undergo GMCS Course.
10 December 2013
Thanks for the reply. However, I have one more doubt. Is it possible to levy interest on such payment u/s 201 in assessment of CA Firm return? Because it's source of income for the Advocate and it should be deducted TDS on that.
10 December 2013
On prof fees paid to adv tds u/s 194J is applicable but for reimbursement no tds and no int u/s 201 is applicable.
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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
