Kindly suggest whether TDS is applicable on payment made by a public sector bank to a hotel for food.
TDS Applicable on food bill?
Monika Khadayate (Chartered accountant) (70 Points)
23 May 2023Kindly suggest whether TDS is applicable on payment made by a public sector bank to a hotel for food.
TDS Applicable on food bill?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 23 May 2023
When there is a contract of catering services between a contractor and ‘specified persons’ and a payment is made to the contractor for undertaking any ‘work’ in the nature of catering services in furtherance to the contract, TDS is to be deducted on such payment as per the specified rate.
The rate of TDS to be deducted is as under: –
sabyasachi mukherjee
(26067 Points)
Replied 23 May 2023
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