Foreign Tour Operator pays US $ in cash
This query is : Resolved
12 March 2008
Hi,
My client is operating foreign tour and is making payment to the Foreign Agent in Cash Dollars which he withdraws from his Bank after providing the relevant documents but not a CA Certificate u/s 195. He also pays tips to the Guides till US $ 200 to 500 of which no voucher is made.Will all this expenses be allowed and if not all than what % wil be Disallowed.
My client is operating foreign tour and is making payment to the Foreign Agent in Cash Dollars which he withdraws from his Bank after providing the relevant documents but not a CA Certificate u/s 195. He also pays tips to the Guides till US $ 200 to 500 of which no voucher is made.Will all this expenses be allowed and if not all than what % wil be Disallowed.
12 March 2008
FULLY SHALL BE DISALLOWED
Gopalakrishnan
(Expert)
12 March 2008
The entire expenses will be disallowed under the provisions of the Income Tax Act as no TDS has been deducted at source.
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
- Gst credit note by supplier
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Missed uploading GST Invoice
- Equity Share Sale and Purchase
- Wrong CMPo8 file
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Whether output tax is taken credit by purchaser
- Additional trade name
- Number of years as per AS amortisation of Goodwill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
