Rate of tax applicable on handling charges received by air travel agent.
My query is as follows
my client is a air travel agent and earn handling charges, and i wants to know that what is tha tax rate applicable in this case, and also that is their exemption of income upto Rs 10,00,000/- is also applcible.
the rate provided by you are not for the income earned by way of handling charges can you tell me that is service tax rate 12.36% is applicable or not on income earned by way of handling charges
Income from comission/fees from related service are chargable for service tax. in your case handling charges are neither commision nor fees related to service being provided by service provider so rate of 12.36% is not applicable for ths amount at all..
CAclubindia
