Foreign Tour Operator pays US $ in cash
This query is : Resolved
12 March 2008
Hi,
My client is operating foreign tour and is making payment to the Foreign Agent in Cash Dollars which he withdraws from his Bank after providing the relevant documents but not a CA Certificate u/s 195. He also pays tips to the Guides till US $ 200 to 500 of which no voucher is made.Will all this expenses be allowed and if not all than what % wil be Disallowed.
My client is operating foreign tour and is making payment to the Foreign Agent in Cash Dollars which he withdraws from his Bank after providing the relevant documents but not a CA Certificate u/s 195. He also pays tips to the Guides till US $ 200 to 500 of which no voucher is made.Will all this expenses be allowed and if not all than what % wil be Disallowed.
12 March 2008
FULLY SHALL BE DISALLOWED
12 March 2008
The entire expenses will be disallowed under the provisions of the Income Tax Act as no TDS has been deducted at source.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
