If any company is recovering the fuel charges from the contractor, whether the company is liable to deduct the tds on that amount also, pls give the advise with the appropriate explanation.
Please ignore about that tds is not deductible on transporter.
The issue is urgent, plsssssss reply at the earliest.
Regards
CA VIPIN GARG
No TDS on Fuel Charge Reimbursements, Contract Terms Crucial for Determining Tax Deduction Applicability A query was raised regarding whether a company must deduct TDS on fuel charges recovered from a contractor. The response clarified that there is no TDS liability on reimbursement of expenses. However, determining if the recovery of fuel charges qualifies as reimbursement depends on the specific terms and scope of the contract. The discussion emphasizes the importance of contract details in deciding TDS applicability on such recoveries. (AI Summary)
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