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Income Tax - Highlights / Catch Notes

Home Highlights July 2023 Year 2023 This

TDS on reimbursement of expenses - The assessee has raised debit ...


Assessing Officer Cannot Impose TDS on Pure Reimbursement of Expenses Without Profit Element.

July 3, 2023

Case Laws     Income Tax     AT

TDS on reimbursement of expenses - The assessee has raised debit note on which there is no profit element - the AO cannot fastened the liabilities of TDS as there is clear absence of profit component and it is actual reimbursement - No TDS is required to be deducted by the assessee on reimbursement of actual expenses - AT

 

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