TDS on reimbursement to foreign branch
This query is : Resolved
15 April 2009
Dear Sir,
We are an MNC having branches all over the world.
We have personnel traveling from our Group Companies to India for helping us on certain issues and so also we have our staff traveling to attend meetings, training to our Group offices.
Our Group Companies' raise invoice on us for the expenses incurred on our behalf (reimbursement) and we settle the same.
Off late, our bankers ICICI insist on a CA certificate for all remittances even when the invoices are supported by third party invoices for hotel stay, travel etc.
My CA insists that TDS will be applicable even for such reimbursement of expenses, which I disagree.
I would appreciate if somebody can throw light on this and let me know the provisio under which this is taxable or not taxable
regards
Sivaraman
We are an MNC having branches all over the world.
We have personnel traveling from our Group Companies to India for helping us on certain issues and so also we have our staff traveling to attend meetings, training to our Group offices.
Our Group Companies' raise invoice on us for the expenses incurred on our behalf (reimbursement) and we settle the same.
Off late, our bankers ICICI insist on a CA certificate for all remittances even when the invoices are supported by third party invoices for hotel stay, travel etc.
My CA insists that TDS will be applicable even for such reimbursement of expenses, which I disagree.
I would appreciate if somebody can throw light on this and let me know the provisio under which this is taxable or not taxable
regards
Sivaraman
03 May 2009
u/s195 Tax will have to be deducted. Your CA is right in this regard.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
