Tds and service charge
This query is : Resolved
20 September 2016
I am going to start Air Ticket booking website (B2B & B2C). I am planning to take white label from a company. The company will be giving the Net Price for any Ticket. They will not be giving any commission to White label or any agent under their tree. So, i will be just adding Rs.10 to the net fare of the ticket and will be selling to Retailers and customers. Company will not deduct any TDS as they are saying that, we are giving net fare to you and no commission. So, question of ant TDS does not arise. Now, my question is, whether I have to pay any Income Tax or any Service charge to Govt? Please, help me at the earlliest
20 September 2016
You have to pay income tax when your net commission income exceeds basic exemption limit of 2.5 lacs per annum. Service tax payable at 0.75% in case of domestic bookings and at 1.75% on international bookings.
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