In case a company organizes trip to its employees through Travel Agency and records it as an expense in its books, whether the company is required to deduct TDS on the same? If so, Why??
2 Replies
Muhammed
(Chartered Accountant)
(251 Points)
Replied 07 February 2019
As the same seems to be a nature of service contract incurred for the benefit of employees, this will hit section 194C and TDS Has to be deducted @ 1 or 2 %
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 07 February 2019
if amount exceeds 30000 in single payment or 1lac in aggregrate then only tds needs to be made. you have not specified the amount and its recurrence
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