harish kumar (CA Articleship) (37 Points)
13 January 2010Hi, i wanted to know @ what rate of Percentage should we deduct TDS on REIMBURSEMENT OF EXPENSES made by COMPANY LIMITED BY SHARES.
CA. MOBIN SAYYED
(Sr. Team Leader)
(114 Points)
Replied 13 January 2010
the same % as that of the nature of expense for which tax is to be deducted. for eg reimbursement of expenses made by professional, taax shall be deducted @ 10% for AY 2010-11
Manindra Kumar
(Finance Manager)
(31 Points)
Replied 16 January 2010
Dear Mubeen
How can we deduct the TDS on Reimbursement of Expenses only. Please explain the same
CA. MOBIN SAYYED
(Sr. Team Leader)
(114 Points)
Replied 18 January 2010
Circular No. 715 dated 08.08.1995, says TDS on reimbursement on payment against Sec 194C & 194J
Manindra Kumar
(Finance Manager)
(31 Points)
Replied 19 January 2010
Dear Mubeen
Thanks for reply. I read the circular No.715 there has mentioned reimbursements cannot be deducted out of the bill amount for the purpose of tax deduction at source. But if any one claim remiburesment sepretly and issue a seprate bill only for service charges then TDS will be charged on both claim or only bill of service charges.
Max Payne
(employed)
(2569 Points)
Replied 19 January 2010
| Originally posted by : Manindra Kumar | ||
 |
Dear Mubeen Thanks for reply. I read the circular No.715 there has mentioned reimbursements cannot be deducted out of the bill amount for the purpose of tax deduction at source. But if any one claim remiburesment sepretly and issue a seprate bill only for service charges then TDS will be charged on both claim or only bill of service charges. |
 |
That is only for 194J
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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