SIDDHARTHA KUNDU (ARTICLE) (64 Points)
22 June 2018Dear Collegue, want to know that whether TDS is applicable or not on payment for booking of flight/cab through 3rd party ?
If yes, then under scetion 194C ?
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 22 June 2018
Since its a commission so it will be liable to TDS u/s 194H and tax will be deducted @ 10% if transacation in one financial year is more than 15,000/-
SIDDHARTHA KUNDU
(ARTICLE)
(64 Points)
Replied 22 June 2018
Thnks for rply Ruchika. but can you explain me that how it will be in nature of commission rather than contract ?
The company has an agrrement with that travel agency that any type of travel related booking will be done by that 3rd party agency.
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 22 June 2018
If its a contract then Limit is if transaction is more than 30,000 a year then 10% TDS applicable.
SIDDHARTHA KUNDU
(ARTICLE)
(64 Points)
Replied 22 June 2018
So what will be the final answer 194C ya 194H ?
Ruchi : Rs.30000 is per transaction limit and Rs.100000 is total limit in 194C .
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 22 June 2018
194C.
Yes limits are 30,000 and 100,000.
Jatin
(Accountant)
(3479 Points)
Replied 22 June 2018
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