09 April 2011
If we are partnership firm , both of partner going on holiday , Travel agent give a bill including Air fare, hotel , food, extra for rs.150000 aprox . Are we liable to deducte TDS on Rs. 150000/- Bill is Included all taxes
09 April 2011
As far i think no tds will be deductible . It is a lump sum payment toward the expanses you have incurred . Further it does not suit under any of the head mentioned for TDS .