Dear Sir,
Travels Agent how they raise the bills - suppose I book a Air Travel ticket with a Travel Agentn for a whole year (Air Ticket cost- 1,50,000/- and the Commission is - 30,000/-). How the Travel Agent raise the bill.
As we are a Pvt Ltd Company we have deduct tds on whole amount or only in commission. How the pass the entries in the book.
Please advise.
Thanks
For your Pvt Ltd company, no TDS on the ₹1,50,000 air ticket amount; TDS under section 194H only on the ₹30,000 commission, so deduct ₹600 and pay the balance. Keep ticket cost and commission in separate ledger heads and insist on a clear invoice breakup.
MANUJ SHARMA AND COMPANY
Noida
CA Inter
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Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
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CCI
Pro
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