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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 ...

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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