Can be deduct Tds on Staff welfare expenses?
- 4 Answers
- 26581 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / m.amaan
YES,WE CAN DEDUCT TDS ON STAFF WELFARE EXPENSES
ALL THE WELFARE EXPENSES INCURRED ON STAFF ARE CONSIDERED
TO BE THE INCOME OF THE STAFF.FOR Eg:MEDICAL EXP REIMBURED
TO A PARTICULAR PERSONNEL IS CONSIDERED TO BE HIS INCOME &
IF IT EXCEEDS THE THRESHOLD LIMIT,TDS WILL BE DEDUCTED &
THE FOLLOWING ENTRY WILL BE PASSED"
STAFF WELFARE EXPENSES A/C DR 20000
TO TDS/EMPLOYEES INCOME TAX RECOVERY 2000
TO CASH/BANK 18000
(BEING MEDICAL EXP PAID TO MR.X RS.20000-2000 TDS=18000 NET
PAID AS PER MEDICAL BILLS ATTACHED)
| Is This Answer Correct ? | 12 Yes | 4 No |
Answer / falguni
please give me reason for not deduct TDS on staff welfare
expenses
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / swamy
suppose, if the accident happened during work/job, company
incurred entire hospital and other related expenses of
employee for that accident. Expenses debited to staff
welfare a/c.Is it income of employee need to deduct TDS?
In my opinion if the company paid any amount as staff
welfare in the form of direct payment, it is income of the
employee, then only tds need to be deducted.
| Is This Answer Correct ? | 1 Yes | 4 No |
If we use google licence in our office for one year.Google raised invoice annualy. so that on which section tds will be deducted.
if i have 180000/- salary per annul so how much i have to pay itr. and i havet pay any itr so what is the procedure for minimum salary tax.
I have issued an invoice to a client in which i have charged service tax but I have not received any amount against that invoice. In this case when is service tax payable.
what is prepaid expenses & entry
what is the date of payment of tds of last month (March)& date of filing of last qtr.
i have a bank statements for a xyz company, how did start Bank Reconciliation Statement, what is the concept of BRS and what is the steps to follow up the BRS. can u told how to do brs in Excel easily. please solve my question.
how many types of sale tax returns?
Is there any change in the section 80DD for the financial year 2009-10
what is the SAT?
how & on which amt tax should be calculate on pvt ltd company or ltd company
Can I know the full description about capital and revenue in nature? and also the expenses that allowed for tax and not allowed for tax?
The value of the tax invoice is lesser than the value on the state permit. Is this acceptable.
Audit 
