TDS

This query is : Resolved

Bhaven (Querist)
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09 May 2011 If one hotel is booked and Charges are

Room Charges Rs.413000
Banquests Charges (food) Rs.257813
Food and Venue Charges Rs.205000

Whether TDS will be attract. Pls advice

What is limit for single cash payment u/s 40(A)3 for F.Y.2010-11

CA. Saurabh Agrawal

CA. Saurabh Agrawal (Expert)
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10 May 2011 Tds will be attracted on room cahrges of Rs 413000 u/s 194C @ 2% if hotel is comapny , for others it is 1%.

single cash payment limit u/s 40(A)3 is up to Rs 20000. You can pay up to Rs 20000 in cash to single person in single day.

CA. RAVIKUMAR

CA. RAVIKUMAR (Expert)
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10 May 2011 If it is On Regular basis then TDS should be @10% As per Section 194I(Rent)
40(A)3 limit is Rs 35000 for Transporter and for other Rs 20000

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