Arman Khan (1 Points)
01 November 2024Respected Sir/Madam,
1. Our company books travel tickets and hotel stays through a corporate account with MakeMyTrip, which includes a separate line item for service charges on each invoice. Is TDS applicable on these service charges? If so, how can we manage this, as we are required to pay the full amount upfront via credit card?
2. Is TDS applicable on the hotel room rent ?
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5616 Points)
Replied 02 November 2024
Consult a chartered accountant or tax professional for guidance on TDS applicability and compliance.
prasad Nilugal
( GST Practitioner & Accounts )
(14807 Points)
Replied 03 November 2024
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5616 Points)
Replied 03 November 2024
1. Section 192: TDS on salaries
2. Section 194A: TDS on interest other than interest on securities
3. Section 194C: TDS on payments to contractors and subcontractors
4. Section 194D: TDS on insurance commission
Please specify the context or type of payment to determine the applicable section for 10% TDS.
prasad Nilugal
( GST Practitioner & Accounts )
(14807 Points)
Replied 04 November 2024
As per section 194C of the Income tax act , Only 1% for Indivdual & 2 % For others are applicable in case of payment to Contrator / sub Contrator , subject to conditions , 10% is no where in the section 194C of the Income tax act .
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