Is there TDS applicability on payment made to tour & travell companies for flights and train ticketes booking ?
2 Replies
Kunal
(Risk Analyst)
(299 Points)
Replied 27 October 2011
Hmmm....
Well i think if the invoice of the agent mentions his booking charges n flight/rail charges separately...i.e. split up system has been followed then TDS shall be deducted on the charges of the agent u/s 194C.
Subject to monetary limit specified in d section...
Single contract - 30000
Aggregate - 75000
Correct me if m wrong.
Kunal
(Risk Analyst)
(299 Points)
Replied 27 October 2011
I wud lyk to correct myself...
As i consulted one of my seniour...
NO TDS shall be deducted on booking of tickets for air or rail travel...
Railway/airlines as d case may be shall deduct TDS from the commission paid to travel agent u/s 194H...however no liab on d person who is getting d ticket booked to deduct TDS.
Recent Topics
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
- How to reverse wrong transaction payment in phonep
- Issue with refund for person who has filed for rel
- How to take ITC for October 2024 GST Payment in PM
- How to refund a wrong transaction Phone Pe?
- Avoiding tax audit in case of intraday equity loss
Related Threads
CAclubindia
