TDS
This query is : Resolved
09 May 2011
If one hotel is booked and Charges are
Room Charges Rs.413000
Banquests Charges (food) Rs.257813
Food and Venue Charges Rs.205000
Whether TDS will be attract. Pls advice
What is limit for single cash payment u/s 40(A)3 for F.Y.2010-11
Room Charges Rs.413000
Banquests Charges (food) Rs.257813
Food and Venue Charges Rs.205000
Whether TDS will be attract. Pls advice
What is limit for single cash payment u/s 40(A)3 for F.Y.2010-11
CA. Saurabh Agrawal
(Expert)
10 May 2011
Tds will be attracted on room cahrges of Rs 413000 u/s 194C @ 2% if hotel is comapny , for others it is 1%.
single cash payment limit u/s 40(A)3 is up to Rs 20000. You can pay up to Rs 20000 in cash to single person in single day.
single cash payment limit u/s 40(A)3 is up to Rs 20000. You can pay up to Rs 20000 in cash to single person in single day.
CA. RAVIKUMAR
(Expert)
10 May 2011
If it is On Regular basis then TDS should be @10% As per Section 194I(Rent)
40(A)3 limit is Rs 35000 for Transporter and for other Rs 20000
40(A)3 limit is Rs 35000 for Transporter and for other Rs 20000
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