TDS on Hotel room charges
This query is : Resolved
05 February 2010
Is TDS applicable on the payment for hotel room charges based on contract??
05 February 2010
No , it is ccovered u/s 194-I
05 February 2010
is TDS applicable or not?
if applicable then what is rate?
if applicable then what is rate?
05 February 2010
Tds applicable if the total payment exceeds Rs. 120000/= in a financial year. Tax should be deducted @10%. Only individual & huf deriving income from business and their turnover in the immediately preceeding year does not exceed 40 lac for business /10lac for profession are outside the ambit of sec. 194I.
05 February 2010
TDS is applcable u/s.194I not 194C
05 February 2010
TDS is applicable when hotel is taken on regular basis.
if it is only for one time then no TDS.
if it is only for one time then no TDS.
09 February 2010
yes.if taken regular basis 194I applicable
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