TDS on Reimbursement of Expenses
This query is : Resolved
28 December 2010
Hello,
My company is a wholly owned subsidiary of a US Listed Company.
The US Holding Company incurs some expenditure on the behalf of the Indian Entity this may include the Travelling, Hotel as well as other Expenditure.
Do we need to deduct the tax while clearing the said payments and at what rate
The US Company has a permanent account number in India
My company is a wholly owned subsidiary of a US Listed Company.
The US Holding Company incurs some expenditure on the behalf of the Indian Entity this may include the Travelling, Hotel as well as other Expenditure.
Do we need to deduct the tax while clearing the said payments and at what rate
The US Company has a permanent account number in India
29 December 2010
I think TDS need not be deducted. But the said exp should be supported by appropriate Bills etc.
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