Tds on tour & travel agency

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 May 2012 Hello Experts
Whether TDS is deductible on Tour & Travel Agent for the tickets of the individual but the invoice is in the name of the company??

Thank you for your support

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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31 May 2012 Since the invoice is in the name of the company and the company will book the same as an expense, TDS is required to be deducted.

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Querist : Anonymous

Querist : Anonymous (Querist)

31 May 2012 so what is the application of Circular no.715
dated 8.8.1995 issued by the CBDT???

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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31 May 2012 What exactly do you want to ask? Are you asking about TDS on reimbursement of expenses as clarified in the circular?

This transaction is NOT reimbursement becuase the inovice is in the name of the company.

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