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Tds applicability
I am booking domestic and international air ticket for my company through a travel agency , agency name xxxx travels so tds is applicable or not. If it is applicable in which category. How to know that it is a individual or a company or a partnership firm . And what is the rate.
Replies (1)
TDS would be applicable u/s 194H if the commission paid to travel agency exceeds Rs 5000. The TDS rate is uniform @ 10% for all assesses. however in cae of individual, HUF if tax audit is applicable u/s 44AB in the previous year, then TDS is required to be made from the subsequent eyar.
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