witholding tax u/s 195
This query is : Resolved
04 March 2008
if a travel agent makes payment in USD for group reservation for space camp held by NASA is he suppose to deduct tax on the money paid towards education fees for his client
04 March 2008
Yes. Section 195 does not provide for any exemption. If nil rate to be deducted it is for the payer/payee to make applcation under section 195 to the assessing officer concerned.
04 March 2008
sir can you please tell me at what rate and under which section the travel agent should deduct the witholding tax as the payment is for purely educational fees purpose.and section 195 clearly says any other sum chargeable under this act
04 March 2008
RATE @ 10%.
UNDER SECTION 195.
ANY OTHER SUM CHARGEABLE TO TAX(OTHER THAN SALARIES AND DIVIDENDS REFFERED TO U/S115-O).
UNDER SECTION 195.
ANY OTHER SUM CHARGEABLE TO TAX(OTHER THAN SALARIES AND DIVIDENDS REFFERED TO U/S115-O).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Can partnership firm show income under 44ad
- Regarding ITR filing with more value than showing in AIS/TIS
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
