Being an employer, If I decide to reimburse RENT for every month of a consultant hired, shall I deduct TDS for the reimursement at the rate of 10% ?
3 Replies
Manish Manu
(198 Points)
Replied 19 November 2018
If the reimbursement has been billed separately then no tax needs to be deducted.
However, if there is no separate bill then Tax needs to be deducted @ 10%
However, if there is no separate bill then Tax needs to be deducted @ 10%
Arun Kumar M
(BUSINESS)
(167 Points)
Replied 19 November 2018
If billed seperately, whether the same should be addressed in company name? Also can he show as Reimbursement of Rent in descripttion?
Manish Manu
(198 Points)
Replied 19 November 2018
yes the separate bill should be in name of company and also indicating the fact that it is on account of reimbursement
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