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Tds on foreign remittances

A K Swaminathan (Practice) (55 Points)

16 March 2014

Dear Stalwarts,

I would like to have clarity on application of TDS provisions on payments made to IATA outside the country.

Thank you in advance

Swami

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4 Replies

Manoj Mehta (Head Of Department (Accounts & Finance)) (1479 Points)
Replied 17 March 2014

Dear swami IATA stands for indian association of tourism?? If yes then i think it will be a fee. So if iata is a government organization then no need to deduct tax on the same. Regards.

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A K Swaminathan (Practice) (55 Points)
Replied 17 March 2014

Thanks for your earnest reply manoj! IATA stands for International Air Transport Association which is a trade association of all most all the airlines of the world. To become its member, prescribed fee has to be paid to this organisation. Fee is also required to be paid for registering changes in the ownership, name etc. My question is that when such a fee is paid, under what section TDS is attracted.