Tds on travelling

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2014 Dear Sir ,

We appoint Travel Bus for Pick up & Drop service for our students on Monthly Basis .He submit bill charging 12.36% Service Tax.

Kindly Explain TDS will be deducted on Gross amount or on Basic Amount ? AND

TDS under which Section will be deducted & @ what % ?

Please Explain me.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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07 June 2014 tds is to be deducted only on the basic amount ie no TDS on the service tax amount.

tds should be deducted under 194C. the rate will depend. 1% if the payee is individual or HUF. 2% for other cases.

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2014 Dear Sir ,

Travel bus provider is Proprietor then it will be TDS - 1 OR 2 % .

Kindly Explain....

Nikhil Kaushik

Nikhil Kaushik (Expert)
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07 June 2014 then the rate shall be 1%.....

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