Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

TDS on Tour & Travels Industries

Save Share

This query is : Resolved

Arun Z Borad (Querist)
Follow

30 July 2008 Dear Expert

I Wanted to Know TDS Structure for Tour & Trave Agent
1) when one Tour Oprator Paid Amount to Another Tour Oprator for Arranging for Tour
2)One Company Made Payment to Tour Oprator for Arranging tour of thair Employee

Please Suggest me Sources of Knoledge of TDS & Service tax Relating to Tours & Travel Industries

with Rgd.
Arun Borad

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
Follow

30 July 2008 1) Section 194 C will apply in first case so TDS @ 2% is deductible at the time of payment to another tour operetor.

2)Section 194 C will apply ,Company will deduct TDS @2% while making payment to Tour operator.
So company will pay Rs 98 if gross amount is Rs 100. Further company will liable to pay FBT on gross amount paid to Tour Operetor for tour of their Employees.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!