witholding tax u/s 195
This query is : Resolved
mamta kedia
(Querist)
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
S.Srinivasaraghavan
(Expert)
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.
mamta kedia
(Querist)
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
MANAS ROUT
(Expert)
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).
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