194C
This query is : Resolved
10 June 2010
"The payments made to a travel agent or an airline for purchase of a ticket for travel would not be subjected to tax deduction at source as the privity of the contract is between the individual passenger and the airline/travel agent, notwithstanding the fact that the payment is made by an entity mentioned in section 194C(1)."
What does the above line mean?
What does the above line mean?
Aditya Maheshwari
(Expert)
10 June 2010
It means no TDS to be deducted on payment made to airline travel agent notwithstanding the fact that payment is being made by entities listed on section 194C.
10 June 2010
Sir, Im an engineer, no nothing about 'notwithstanding meaning and all.
Pl explain in lay man terms
Pl explain in lay man terms
Aditya Maheshwari
(Expert)
10 June 2010
It does not matter whether u are person mentioned in the list of entities mentioned in section 194C(1)
10 June 2010
haha.
Dearest Maheswari,
I';m trying to trell you that i'm a non finance professional and wasn able to intepret the sectiona nd hence wanted to know whetehr you could explain in basic terms!
Dearest Maheswari,
I';m trying to trell you that i'm a non finance professional and wasn able to intepret the sectiona nd hence wanted to know whetehr you could explain in basic terms!
Aditya Maheshwari
(Expert)
10 June 2010
In lay mans language no TDS to be deducted as per the circular
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