12 December 2011
We are travel agent and we are organising travels at different places by buses, at the same time when we are paying amount to resort company on behalf of children who are travelling by our company, whether we are required to deduct tax at source on amount paid to resort and under which section? Please guide us early and properly. Thanking of you.
13 December 2011
You can deduct the TDS u/s. 194C of the Income Tax Act, 1961 as payment of contractors @1 or 2% depending on the status of the payee. thanks