Tds Rate On Tour Operator

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Tour Operator & Applicability of TDS rules on hotel booking

https://thetaxtalk.com/2018/06/22/tds-rules/

Jun 22, 2018 · However, onus would be on the tour operator to prove the nature of transaction as that of “Pure Agent”. TDS Rates u/s 194C: At the rate of 1% in case of every individual and HUF. At the rate of 2% in case of other than individual and HUF.

Tax Collected at Sources (TCS) on Tour Operator

https://taxguru.in/income-tax/tax-collected-sources-tcs-tour-operator.html

Feb 18, 2020 · E.g If a company buy tour package for its employee for various reason then Company might have to deduct TDS under section 194C of Tour Operator and in that case there is no requirement for Tour Operator to collect TCS from buyer.

Section 206C TCS on Tour operators - TaxGuru

https://taxguru.in/income-tax/section-206c-tcs-tour-operators.html

For ex: if the buyer is a business entity and deducts TDS at 5% u/s 194H on the operators agency commission, the seller is exempted from TCS. The Government did not envisage that the TDS by the buyer is on the income credited to seller and the TCS is a credit to the person spending money. They work in opposite direction.

Tds on payment to tour operators [Resolved]

https://www.caclubindia.com/experts/tds-on-payment-to-tour-operators-1023184.asp

07 july 2012 if you are taking regular service of tour operator.i thing is is nature of contract. tds should be deducted u/s 194c but check amount of bill.whether exceeding the limit for tds …

TDS RATES APPLICABLE TO TOUR OPERATOR - Income Tax Forum

https://www.caclubindia.com/forum/tds-rates-applicable-to-tour-operator-66955.asp

Feb 03, 2010 · Hence the provisions of section 194C will apply for tour operators. If the tour operator is an Individual or Hindu Undivided Family the rate of tax is 1% (One Percent) If the tour operator is other than an Individual or Hindu Undivided Family the rate of …

TDS on Tours & Travels Business - Lawyersclubindia

https://www.lawyersclubindia.com/experts/TDS-on-Tours-Travels-Business-74021.asp

Mar 19, 2010 · Rate under both The section: u/s 194 C basic rate 2 % minimum limit per contract 20000 or 50000 per annum. u/s 194 I basic rate 10%(2% from 01.10.2009) minimum amount 120000 per …

Tour Operators - Definition, Types, Functions & Importance

https://tourismnotes.com/tour-operators/

Tour operator is an organization, firm, or company who buys individual travel components, separately from their suppliers and combines them into a package tour, which is sold with their own price tag to the public directly or through middlemen, is called a Tour Operator.. More precise tour operators are primarily responsible for delivering and performing the services specified in a given ...

TDS at 5 per cent on foreign tour packages, remittances ...

https://www.newindianexpress.com/business/2020/feb/04/tds-at-5-per-cent-on-foreign-tour-packages-remittances-abroad-2098821.html

Jun 04, 2020 · TDS at 5 per cent on foreign tour packages, remittances abroad The Budget 2020-21 has mandated a 5 per cent tax collection at source for remittances over Rs 7 lakh. Share Via Email

How to apply TDS Tax Deduction at Source for Tour ...

https://www.siloi.net/how-to-apply-tds-mauritius-tour-operators-agents/

Sep 28, 2014 · On the 15th December 2011 the legislation for TDS was implemented requiring tour operators or agents that carry out payments to landlords or their representative agent (EXCLUDING Hotels & Guest houses!) to deduct 5% from the rental amount. The 5% will need to be remitted to the MRA by latest the 20th of the following month.

Section 194C TDS on Contractors - Rates of TDS

https://www.teachoo.com/949/367/Section-194C-TDS-on-Contractors/category/Rates-of-TDS/

Aug 17, 2020 · TDS is to be deducted on Contractors at 1% in case of (Individual / HUF) and Single Contract at 2% on (Partnership / Companies) However, No TDS is to be deducted if annual expense is upto 100000 p.a. or upto 30000 single Contract per annum. If annual expense is 100001 p.a. or 30001 single Contract per annum then TDS is deducted. From 1.6.2016

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