Dear Collegue, want to know that whether TDS is applicable or not on payment for booking of flight/cab through 3rd party ?
If yes, then under scetion 194C ?
Menu
Tds applicable or not on payment for booking of flight/car through 3rd party
Replies (7)
Since its a commission so it will be liable to TDS u/s 194H and tax will be deducted @ 10% if transacation in one financial year is more than 15,000/-
Thnks for rply Ruchika. but can you explain me that how it will be in nature of commission rather than contract ?
The company has an agrrement with that travel agency that any type of travel related booking will be done by that 3rd party agency.
AGREED !!
If its a contract then Limit is if transaction is more than 30,000 a year then 10% TDS applicable.
So what will be the final answer 194C ya 194H ?
Ruchi : Rs.30000 is per transaction limit and Rs.100000 is total limit in 194C .
194C.
Yes limits are 30,000 and 100,000.
You can deduct TDS
@ 1% in case of contractor is Individual or HUF entity
@ 2% in case of other entity
TDS applicable if
Single Bill value above 30,000.00 or 1,00,000.00 in aggregate
@ 1% in case of contractor is Individual or HUF entity
@ 2% in case of other entity
TDS applicable if
Single Bill value above 30,000.00 or 1,00,000.00 in aggregate
Recent Threads
- Belated ITR 3 + 10IEA
- ITC related queries
- GSTR- 9 query to rcm
- Calculation of Borrowing Cost as per AS 16
- GSTR 9C
- Presumptive tax 44ADA
- Performances of actors and singers
- Discount Received Income in GSTR  - 9
- Whether afer responding to query amount of expen
- Sample of board meetings of a private limited comp
Related Threads
CAclubindia
