Dear All, Please confirm me tds is applicable on bill of railway or air ticket & which rate. Regards,
From India , Bangalore
From India , Bangalore
1
As per my knowledge we are purchase Ticket from Railway or respective departments i.e they are service Providers and collect the service tax only. This is for Understanding purpose only (TDS Means Tax deducted at source. we are the source to railway department then we deduct the tax amount from ticket fare value and that amount is also paid to central government only for that purpose no need to deduct tds from direct transaction related between us and Department.)
From India , Hyderabad
From India , Hyderabad
There is no TDS on booking of either air or train ticket.
However, if a travel agent provides any service like arranging visa or passport then a TDS should be made at the rate of 10%. Though these services may not be categorized as professional services but most companies play safe and deducted at 10%.
From India , Pune
However, if a travel agent provides any service like arranging visa or passport then a TDS should be made at the rate of 10%. Though these services may not be categorized as professional services but most companies play safe and deducted at 10%.
From India , Pune
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views.
central government professional services travel agent no tds income tax act service providers tax deducted at source City-India-Bangalore Country-India
TDS Chart-1.xls