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Foreign Tour Operator pays US $ in cash

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Ankur (Querist)
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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.

CA Saurabh Maheshwari

CA Saurabh Maheshwari (Expert)
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12 March 2008 FULLY SHALL BE DISALLOWED

Gopalakrishnan

Gopalakrishnan (Expert)
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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.

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