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Tds on foreign remittances

TDS 820 views 4 replies

A K Swaminathan

Practice

55 Points Joined October 2010

Dear Stalwarts,

I would like to have clarity on application of TDS provisions on payments made to IATA outside the country.

Thank you in advance

Swami

Replies (4)

Manoj Mehta

Head Of Department (Accounts & Finance)

1479 Points Joined March 2009

Dear swami IATA stands for indian association of tourism?? If yes then i think it will be a fee. So if iata is a government organization then no need to deduct tax on the same. Regards.

Thanks for your earnest reply manoj! IATA stands for International Air Transport Association which is a trade association of all most all the airlines of the world. To become its member, prescribed fee has to be paid to this organisation. Fee is also required to be paid for registering changes in the ownership, name etc. My question is that when such a fee is paid, under what section TDS is attracted.