Tds on reimbursement of exp
This query is : Resolved
31 August 2014
In SINGLE invoice:
Professional Fees Rs.35000
Conveyance for Staff Rs.5000
On which amount TDS should be deducted u/s 194 J?
As per CBDT circular no.715 -
"Sec 194 J refers to ANY sum paid,REIMBURSEMENT of actual exp CANNOT be deducted out of bill amount for TDS."
Need expert opinion. Any new circular if any.
31 August 2014
the circular still holds goods. you need to deduct TDS on the whole of the invoice amount (excluding service tax)
11 September 2014
agreed with nnikhil.....................
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