TDS on Taxi

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 February 2011
Dear Experts

We are utilizing taxi for local purpose and paying monthly. The travel agency mentioned Service tax no and Pan no in the invoice along with Trip Sheet.

Whether TDS is applicable for the party?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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07 February 2011 Travel Agency is not treated as transport operator, but it can be called as tour operator.

If the agency is run by a person assessed as Individual or HUF TDS to be deudcted @ 1%.
In case it is run by Firm, Company etc. TDS is required to be deducted @ 2% U/s 194C.

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