TDS on reimbursements
This query is : Resolved
17 August 2010
We have recieved an invoice from our outsourcing agency towards reimbursement of insurance premium paid by them for the outsourced staff of theirs at our premises. Is TDS deductible on this reimbursement.
17 August 2010
if the insurance is procured on your behalf and at your instructions, then no TDS
in case obtaining insurance is duty of outsourcing agency and the reimbursement is part of the contract value, then TDS has to be deducted
in case obtaining insurance is duty of outsourcing agency and the reimbursement is part of the contract value, then TDS has to be deducted
Message likes :
1 times
17 August 2010
From the wording of your query, it is apparent that the subject reimbursement is merely a reimbursement of insurance premium for the staff deployed at your premises.
So in this case TDS will not be applicable.
So in this case TDS will not be applicable.
Message likes :
1 times
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?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- 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
