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?
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
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!
10 June 2010
In lay mans language no TDS to be deducted as per the circular
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- REGARDING SECTION 44AE
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
