for tds applicable or not
This query is : Resolved
01 July 2011
if we take service from travelling agency and the agent is the same for whole year and the amount credited/paid is more than 75000/- then tds applicable or not
chetan soni
(Expert)
01 July 2011
In this case you need to first deduct the cost of tickets booked by the agent from the total invoice value & then see whether the agent crossing the limits mentioned in sec 194C i.e. 75K. If he is crossing the limits then you need to deduct the tds @ % mention in the sec.
Please note traveling agent does not classified as transporter u/s 194C.
Please note traveling agent does not classified as transporter u/s 194C.
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