Tds on meeting exp
This query is : Open
25 November 2011
our company has appointed trainers under a Trainer contract agreement in the field who done product training and business opportunity meetings in various part of countries. and for this company pay trainers per meeting fee. their Hotel Booking, travelling expenses,ticket booking is done by company.
Let following exp incurred in a year
1)Trainer Fee :- 250000
2)Hotel Booking:- 200000 ( total of expenses for booking in various hotels i.e. not single hotel)
3) other expenses relating to meeting(ticket book,traveling exp,misc exp):- 150000
please tell on which amount tds to deduct and if it not liable to tds then reason for the same.
Let following exp incurred in a year
1)Trainer Fee :- 250000
2)Hotel Booking:- 200000 ( total of expenses for booking in various hotels i.e. not single hotel)
3) other expenses relating to meeting(ticket book,traveling exp,misc exp):- 150000
please tell on which amount tds to deduct and if it not liable to tds then reason for the same.
25 November 2011
TDS under section 194J on "Trainer Fee : 250000/- only" needs to be deducted as it will be treated as professional fees paid by your company.
For other expenses : TDS will not apply as its a business expense of your company.
For other expenses : TDS will not apply as its a business expense of your company.
Message likes :
2 times
25 November 2011
Since the other exp is being paid directly by your company to Hotel or travel agents, TDS shall not apply on expenses of that nature.
25 November 2011
dear subhash sir,as we are entering in to contract with him...tds u/s 194 c will be applicable or under section 194j.please clarify this confusion.
25 November 2011
and if we pay some travelling exp in cash(e.g. for taxi fare as normally no proof available for same) to trainer for which no proof made avaialbale by trainer wheter to deduct tds on that amount also.
25 November 2011
Services by trainer can only come under the professional services. Hence 194J will apply.
If you are booking travelling exp in cash & that too showing it as a direct payment to the taxi owner, then there is no problem. TDS will not apply
If you are booking travelling exp in cash & that too showing it as a direct payment to the taxi owner, then there is no problem. TDS will not apply
25 November 2011
Alternatively, you can have a reimbursement bill from the trainer separately for other expenses (supported with attachments). TDS will not apply.
30 November 2011
TDS will be deducted under sec 194 J as professional charges only..
17 December 2011
under which of the following services it will cover
6. Professional Services: Areas covered
1. Legal Profession
2. Medical Profession
3. Engineering
4. Architect
5. Chartered Accountants
6. Technical Consultancy
7. Interior Decoration
8. Advertising
9. Authorised Representatives other than employee of the person represented. Authorised Representative does not mean a chartered accountant or an Advocate. However, payments to them are also subject to tax deduction.
10. Film artistes including actor, cameraman, director, music director, art director, dance director, editor, singer, lyricist, story writer, screenplay writer, dialogue writer, dress designer.
11. Company Secretary
12. Profession of Information Technology.
6. Professional Services: Areas covered
1. Legal Profession
2. Medical Profession
3. Engineering
4. Architect
5. Chartered Accountants
6. Technical Consultancy
7. Interior Decoration
8. Advertising
9. Authorised Representatives other than employee of the person represented. Authorised Representative does not mean a chartered accountant or an Advocate. However, payments to them are also subject to tax deduction.
10. Film artistes including actor, cameraman, director, music director, art director, dance director, editor, singer, lyricist, story writer, screenplay writer, dialogue writer, dress designer.
11. Company Secretary
12. Profession of Information Technology.
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