10 June 2010
"The payments made to a travel agent or an airline for purchase of a ticket for travel would not be subjected to tax deduction at source as the privity of the contract is between the individual passenger and the airline/travel agent, notwithstanding the fact that the payment is made by an entity mentioned in section 194C(1)."
10 June 2010
It means no TDS to be deducted on payment made to airline travel agent notwithstanding the fact that payment is being made by entities listed on section 194C.
I';m trying to trell you that i'm a non finance professional and wasn able to intepret the sectiona nd hence wanted to know whetehr you could explain in basic terms!
CAclubindia
