I m working in a MNC, working as an Accounts Assistant. I have one doubt in making payment to a vendor who is booking air tickets (Travels & tour Co.) on our behalf for our empoyees domestic and Overseas tour. They invoices on monthly basis, the amount goes in between Rs.1.5 to 2 lacs p.m. They have valid Pan no. & Service Tax no. also Whether TDS is deductable from their payment on monthly basis ? if, Yes then wht is the procedure ?
Pls Help, pls dont copy paste. brief explation is expected.
16 December 2010
TDS Should Be Deducted u/s 194C if He is Raising Separate Bill For Reimbursement of Tickets & Separate Bill For Commission Then U/s 194H.
16 December 2010
As per question /answer N0.6 of CBDT circular 715 dated 8/8/1995 (www.incometaxindia.gov.in) income tax need not be deducted under section 194C from the referred payment.
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