If any expenses is there on which we have deducted TDS and that expense is reimbursed in entirety to us by our party (debtor) then Whether that party will deduct TDS from such reimbursemnet to us or not. My view is yes that party deduct TDS. Please Advice.
23 February 2009
i.e both , Company and the Debtor of the comapany will deduct TDS on the same Expenditure while it is expenditure in the hands of The debtor only.
One more question.
Who of the two is liable to pay FBT in the same situation. Whther we can pay and recover or FBT would be payable by the Debtor? Kindly explain the answer.
CAclubindia
