The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has held that Tax Deduction at Source (TDS) is not applicable to reimbursement of salary based on the cost to cost without any profit element and cannot attract TDS Liability u/s 195 of Income Tax Act,1961.
Source Taxscan
Latest Posts in "India"
- Consumer Goods Companies Cut Prices as GST 2.0 Launches Monday
- GST Rate Changes Effective September 22, 2025: Key FAQs and Updates
- GST Rate Cut to 5% for Budget Hotels Under ₹7,500 Restricts Input Tax Credit
- Bombay HC Rules Freight Charges Reimbursed by Wholesalers Not Part of Sale Price
- GST Council announces major rate restructuring and exemptions