TDS on seminar expenses

TDS 1513 views 4 replies

If any company organises a meeting of its emplyees in a hotel & pays Rs. 25,000.00 for it. Than my question is whether the company should deduct TDS on the payment made to the hotel.  

Replies (4)

ITS BETTER TO DEDUCT TDS AND ISSUE A FORM 16A TO THE DEDUCTEE.


REGARDS,

DEVENDRA

Dear Sir

As the Amount u have stated is below the Specified amount of Rs 35000 in law & assuming no other payment was made Or due from the company side. 

So on above sitution U no need to Deduct TDS.

If u pay Aggregate amount exceeding Rs. 35000 then is is better to Deduct TDS of 1% for individual & 2% for Company or Firm 

Thanks I hope this info helped u

R Shriram

I don't agree with Shriram Ramamchandran.


1) TDS u/s 194C is to be dedcuted on single bill of Rs. 20000 and above. (Before 01.07.10)


2) TDS u/s 194C is to be dedcuted on single bill of Rs. 30000 and above. (After 01.07.10)


3) TDS u/s 194C is to be deducted on aggregate bill of Rs. 50000 and above (Before 01.07.10)


4) TDS u/s 194C is to be deducted on aggregate bill of Rs. 75000 and above (After 01.07.10)


Rate of TDS

Individual, HUF - 1%

Other than Individua - 2 %




Regards,

Devendra

I am Sorry. Thanks for correcting me.

Thanks

R shriram


CCI Pro

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