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Hi

I Can't understand the following one

can you explain to me in clearly

"Section 194C and 194J refer to any sum paid. Obviously, reimbursement cannot be deducted out of the bill amount for the purpose of TDS"

2007-12-05 21:43:36 · 2 answers · asked by E shankar 2 in Education & Reference Words & Wordplay

2 answers

Obviously, a context would help us to give you a sensible answer. However, a quick search on the net tells me that you're living in India, and having a dispute with either your landlord or the tax man.

Have a look at the link below if you still haven't figured out your problems. There'll be plenty more information on the internet.

2007-12-05 22:55:43 · answer #1 · answered by this account was hacked 2 · 0 0

I feel you are referring to Indian Income Tax.Act.
Suppose you have supplied goods or given services for which you make out a bill to receive Rs.50,000/ Out of this sum you have already got reimbursed a sum of Rs.15,000/ as advance .. .While making the final payment, the payer will have to deduct the tax on the full amount of 50,000/ and not on 35,000/ Still I suggest you to consult your incometax adviser in this matter.

2007-12-06 08:55:00 · answer #2 · answered by yogeshwargarg 7 · 0 0

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