Tds query
This query is : Resolved
02 June 2015
A company has to pay more than 20 lac every year to travel agents for purchasing air tickets for its directors and executives. Is it subject to tax deduction u/s 194C or any other section? There is a view that non deduction of tax will result in disallowance of expenditure u/s 40 (a)(ia). Refer any case law or circular in support of your reply.
02 June 2015
TDS not applicable see the link for circular.
https://www.caclubindia.com/experts/tds-on-payment-to-air-ticket-booking-agencies-74351.asp#.VW2M29Kqqko
https://www.caclubindia.com/experts/tds-on-payment-to-air-ticket-booking-agencies-74351.asp#.VW2M29Kqqko
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