Tds applicability and liability

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..... Tds applicability and liability
Query (Issue) Started By: - sunil mehta Dated:- 5-7-2008 Last Reply Date:- 20-7-2008 Income Tax
Got 1 Reply
Income Tax
A sub-travel agent purchases air/rai .....

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..... l tickets from main travel agent and issues to his clients by charging 'service chgs.'@rs.100/-per ticket over and above the ticket purchase price.If the 'service chgs.' exceeds rs.50000/- in case of .....

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..... his particular client in a fin.year whether the tax has to be deducted at source by his client if the payer falls under 'specified categories' u/s 194C.?Note:The invoice is not inclusive of 'service c .....

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..... hgs.'Ticket service chgs are shown separately in bill. 2)If not liable to tds u/s 194C.then under which clause the payer is liable to deduct TDS? Reply By Surender Gupta: The Reply: In the instant c .....

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..... ase, as apparent from the facts, TDS u/s 194C is not warranted. The nature of activity mentioned in the query is of Commission. Therefore, you may consider the provisions of 194H as more relevant for .....

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..... the purpose of deduction of tax at source. In this case, it is the commission portion only on which TDS is to be deducted.
Discussion Forum - Knowledge Sharing .....

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