Dear Friends, The last line of sec 194C, 194J etc gives the amount *on which* TDS is to be deducted. It says "*on the INCOME COMPONENT"*. So naturally the TDS is not deductible on exp re-reimbursed. How ever for postage stamp of Rs.5.00 if the reimb is more say 5.25 then TDS is to be deducted, unless the bill says 5.00 for postage and service charges 0.25 in which case tds.
the sections begins with the words "when xxx pays a sum towards ...." Reading only this portion of the act some immature department official has given a clarification to say that TDS is on the bill amount. Naturally the ITO takes this in there defence. A clarification can not over rule the act esp when the act has given clear instruction. If the ito does not agree with you then you may go on appeal and win hands down. sivaraman v On 10/23/08, Deepesh Shah (Gmail) <[EMAIL PROTECTED]> wrote: > > Dear Srinivasulu > as per my knowledge, if it is purely reimbursement of exp, then TDS may not > applicable. if it is part of total bill then it is applicable > > With Regards, > Deepesh > > > > On Wed, Oct 22, 2008 at 3:04 PM, srinivasulu k < > [EMAIL PROTECTED]> wrote: > >> >> dear friends, >> >> My querry is: >> Karvy despatching all our d/w to share holders and they are asking for >> reimbursement of postal expenses. >> >> IS TDS applicable on this? >> >> kindly help me in this regard. >> >> thanking you >> srinivasulu k >> >> >> >> [image: Rediff >> Shopping]<http://adworks.rediff.com/cgi-bin/AdWorks/click.cgi/www.rediff.com/signature-home.htm/[EMAIL >> PROTECTED]/2206641_2199021/2201649/1?PARTNER=3&OAS_QUERY=null> >> >> >> --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Skorydov MyTaxAssistant Member Group" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/SkorydovMyTaxAssistant?hl=en -~----------~----~----~----~------~----~------~--~---
