Is TDS IS DEDUCTED ON REIMBURSEMENT ?
Puneet Nayyar (accountant) (33 Points)
30 November 2009Is TDS IS DEDUCTED ON REIMBURSEMENT ?
FATEMA
(CHARTERED ACCOUNTANT)
(719 Points)
Replied 30 November 2009
No ,TDS is not deducted on re-imbursement.
Harshal
(Article Assistant )
(182 Points)
Replied 30 November 2009
No TDS is never deducted on reimbursements...
Sandeep Keswani
(Tax Consultant)
(1064 Points)
Replied 30 November 2009
No TDS is required to be made on re-imbursement
Shashi Bhushan
(Learner, Jalandhar)
(996 Points)
Replied 30 November 2009
not deducted and the logic is Reimbursment is not an income.
Rahul Nair
(Finance Executive)
(36 Points)
Replied 01 December 2009
hi ..
can any one help me ..
is tds to be deducted on the medical advance given to employee
G.E.Sudarsan
(Audit Assistant)
(97 Points)
Replied 01 December 2009
Medical advance is not a part of salary, TDS is deducted on Gorss salary ( after deduction Under chapter VIA), and it should be given to the employer in near future or adjusted against salary, so TDS is not deducted on medical advance.
Reimbursement cannot be deducted out of the bill amount for the purpose of tax deduction at source.
Nidhi Mehta
( )
(30 Points)
Replied 01 December 2009
| no tds is required to be made on medical advances | ||
| " | hi .. can any one help me .. is tds to be deducted on the medical advance given to employee |
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PRAVEEN KUMAR
(MBA (Finance) B.Com.(P))
(3443 Points)
Replied 01 December 2009
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Dear Friend, Please note if reimbursement of expenses to employee THAN NO TDS. if reimbursement of Expenses to contractor. - Since Section 194C refers to “any sum paid”, if the bill contains reimbursement of expenses also, the TDS is applicable on the reimbursements also. [Circular No.715 dt.8-8-1995]. However, if there are separate bills for contract payments and reimbursement of expenses, then, TDS is not required to be made on reimbursement of expenditure. Thanks Praveen
Originally posted by :Puneet Nayyar |
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| " | Is TDS IS DEDUCTED ON REIMBURSEMENT ? |
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GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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