I have doubt about Situation 2 answer, Is B ltd. need to Deduct TDS on Service Tax ( coz its expense reimbursement) ? if Yes, pls clarify.
Thanks in advance Kishor Pachkude ----- Original Message ----- From: deepak pahuja To: [email protected] Sent: 20-11-2008 11:00 Subject: Re: TDS ON REIMBURSEMENT OF EXPENSES Situation 1: B Ltd. will not deduct TDS on payment of Debit Note. B Ltd. should deduct TDS on payment of Rent to X Ltd. made by A Ltd. on behalf of B Ltd. Situation 2: B Ltd. will not deduct TDS on payment of Debit Note instead B Ltd will deduct TDS on Service Charges of Rs. 2 Lakh only. On Thu, Nov 20, 2008 at 10:34 AM, K.Sankarasubramanian (Finance/TVS-E) <[EMAIL PROTECTED]> wrote: Pl let us know what is final position on whether TDS to be done on the claims for reimbursement of expenses as follows: Situation 1 : a.. A Ltd pays Rs 20 lacs Rent to X Ltd – on behalf of B Ltd due to funds constraints of B Ltd.. b.. A Ltd raises Debit Note on B Ltd for rent paid expenses reimbursement of the same Rs 20 Lacs by attaching all the required proof c.. Question is whether B Ltd shall deduct TDS on this debit note payment to A Ltd Situation 2 : a.. A Ltd pays Rs 20 lacs Rent to X Ltd – on behalf of B Ltd due to funds constraints of B Ltd.. b.. A Ltd raises Debit Note on B Ltd for rent paid expenses reimbursement of the same Rs 22 Lacs by attaching all the required proof. Rs 20 lacs for rent and Rs 2 lacs as Service charges c.. Question is whether B Ltd shall deduct TDS on this debit note payment to A Ltd Pl clarify KSS/20.11.2008 K Sankarasubramanian Taking IT to the heart of India Senior Manager - Finance TVS Electronics Limited DP,34 South Phase, Industrial Estate, Guindy, Chennai 600 032. India. Tel : +91-44-22321166 Fax : +91-44-22327577 Mob : +91-98400 93176 Mail : [EMAIL PROTECTED] Web : www.tvs-e.in ---------------------------------------------------------------------------- The information transmitted is intended only for and may contain confidential / privileged material. Any review, retransmission, dissemination or use, in part or in full of this information by any other than the intended recipient is prohibited. If you have received this in error, please return to [EMAIL PROTECTED] and delete the material. This mail is virus protected. However please virus scan before you open or detach documents from this transmission We are not liable for any damages that may occur caused by any virus. -- Thanks & Regards. CA Deepak Pahuja Mobile: 9215176462 --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
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