TDS related query

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 February 2011 hi experts, If transaction fee(like service charge or commission) is paid to travelling agency for booking the tickets then tds will be deducted on transaction fee amount or not (u/s 194h). pls help me

chetan soni

chetan soni (Expert)
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10 February 2011 generally the payment called as brokerage. Brokerage paid to ticket agent is considered as contract fees paid to agent. This will be treated as contract fees u/s 194C, only brokerage due/paid will be considered for defining the limits specified by sec194C.

Limits are 35K per single transaction or 75K in a year.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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10 February 2011 Payment made to travel agency do not attract TDS.

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K V Subba Rao

K V Subba Rao (Expert)
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10 February 2011
No need. You may plz check the following link

http://blogs.siliconindia.com/INCOMETAX/Payment_To_Travel_Agents_for_AirLine_Tickets_Tds_applicable_or_not-bid-K3sWpSrT82954490.html