Tds on travelling


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Querist : Anonymous

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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.

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.

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 June 2014 Dear Sir ,

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

Kindly Explain....

07 June 2014 then the rate shall be 1%.....


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