Tds

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Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2014 Should we deduct TDS on railway and air transport. Please reply me fast.

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30 July 2014 no.........................................................................

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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31 July 2014 TDS provisions not applicable in the given case.

Querist : Anonymous

Querist : Anonymous (Querist)

31 July 2014 plzz give me reference of applicable section.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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31 July 2014 Section 194C specifically exempts Railways Transport.

Querist : Anonymous

Querist : Anonymous (Querist)

02 August 2014 And what about air transport ?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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03 August 2014 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). The provision of section 1 94C shall, however, apply when a plane or a bus or any other mode of transport is chartered by one of the entities mentioned in section 1 94C of the Act. As regards payments made to clearing and forwarding agent for carriage of goods, the same shall be subjected to tax deduction at source under section 194C of the Act. Circular: No. 715, dated 8-8- 1995.

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