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Can we deduct tds on travel agents,if yes then what is the
rate & section? ... For the current TDS rates in India, and
more information about TDS deduction
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Answer / ankur jain
yes tds will be deducted @1.03%
because he is a subcontractor
| Is This Answer Correct ? | 17 Yes | 19 No |
Answer / sumit arora
not required
1124. Clarification regarding applicability of section 194C in case of tickets sold by airlines and travel agents to customers
1. The Finance Act, 1995 has amended the provisions regarding tax deduction at source contained in section 194C of the Income-tax Act. As per the amended provisions, deduction of tax at source is to be made, inter alia, from payments made in respect of contracts for carriage of goods and passengers by any mode of transport other than Railways.
2. A number of queries have been received as to whether tax has to be deducted at source from payments to travel agents or the airlines for purchase of tickets for travel by air.
3. The matter has been examined by the Board. It is clarified that the provisions of section 194C do not apply to the payments made to the airlines or the travel agents for purchase of tickets for air travel of individuals. The provisions shall, however, apply when payments are made for chartering an aircraft for carriage of passengers of goods.
4. The clarification in para 3 (above) shall apply mutatis mutandis to the tickets for travel of individual by any other mode of transport also.
Circular : No. 713, dated 2-8-1995.
| Is This Answer Correct ? | 8 Yes | 10 No |
Answer / alok sen
Yes we deducted on 1.03% only for service
charges+ser.taxes+e.cess+h.e.cess over the equel amount.
| Is This Answer Correct ? | 3 Yes | 6 No |
Answer / manoj kumar singh
NO SINCE TDS NOT APPLICABLE ON TICKET BOOKING
| Is This Answer Correct ? | 25 Yes | 29 No |
Answer / rohit fatehpuria
as per circular no. 715 issued by CBDT on 8th August 1995, TDS need not be deducted on travel agents for railway or air ticket bookings.
| Is This Answer Correct ? | 3 Yes | 7 No |
A charted accountant has submitted a bill towards his professinal fees of Rs.330900.00 which includes service tax of Rs.30000, Edu cess Rs.600.00 and shec of Rs.300.00. Please suggest me how much TDS we will deduct from this bill.
Dear sir i am a contractor and making a invoice for Rs. 1500000= in which 1200000 for material and 300000 for labour charges how should i make a invoice with material and what will for format of invoice, if i make separate invoice for material and separate for labour charges what service tax and sales tax chaeges will be. and what TDS will party deduct on my bill. pls answer as soon as possible.
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