26 February 2014
Dear sir/mam
we are a company which get its employee official travel tickets booked from a travel agent who gives us a invoice for respective ticket amounts along with the service charges.
need clarification about , is any TDS is to be deducted on our part for such a payment and if yes, then at what percentage??
26 February 2014
Yes TDS is to be charged under section 194C @ 1% if the co.is individual or HUF or @2% if it is co. or firm. TDS is to be deducted on amount excluding service tax.
CAclubindia
