site stats

Is tds applicable on hotel food bill

Witryna16 paź 2024 · The issue under consideration is whether the TDS u/s 194I is applicable on the rent if the accommodation services were taken on a casual basis? ... therefore, he reduced the amount of food expenses from the bills of hotels and also in those cases where the expenses on hotel stay did not exceed aggregate amount of … Witryna11 lut 2024 · Threshold Limit for deduction of TDS on Catering Services under Section 194C of the Income Tax Act, 1961. Payment should not exceed 30,000 in case of a …

What is TDS – TDS Full Form - TDS Meaning Max Life Insurance

WitrynaAnswer: Rate of TDS on catering services; If the payee is Individual or HUF rate is 1%, other than an individual or HUF it is 2%. Exemption Limit Rs. 30,000 for single … WitrynaSituation 1: Whether payments made to a hotel for rooms hired during the year would be of the nature of Rent?. In case of Situation 1 above the Department is of the view that the payments made by persons, other than Individuals and HUFs for hotel accommodation taken on regular basis will be in the nature of rent and hence subject to TDS under … arbeiter kakaoplantage https://benalt.net

Tds on payment to hotel conference/meeting - Income Tax

http://www.canaresh.com/information/income-tax-india/tds-hotel-banquet-hall-194c Witryna15 cze 2024 · TDS under section 194C is not required to be deducted in following cases: The amount of payment made to the contractor in a single contract which does not exceed Rs.30,000.If the aggregate amount of such contracts in a financial year exceeds Rs.1,00,000 then TDS will be deducted. When any amount is paid to the contractor by … Witryna18 sty 2024 · As the amount is being paid towards food bill from hotel ind, TDS @ 2% needs to be made as follows: if single bill exceeds Rs 30K or. if aggregrate payments exceeds Rs 75k during the F.Y.. In case of deductee is Individual & HUF it is 1%, but … baker subaru carlsbad

Tds on foreign tour expenditure ?? [Resolved] Income Tax

Category:TDS on meeting at hotel - Income Tax TDS - CAclubindia

Tags:Is tds applicable on hotel food bill

Is tds applicable on hotel food bill

No Section 194I TDS on Rent if Accommodation Services taken …

Witryna9 lis 2016 · 4 Dated: 13-9-2016. By:- CMA Pooja Chauhan. TDS ON HIRE OF HOTEL. Circular No. 715 dated 8-8-1995. Payments made by persons other than individuals and HUF for hotel accommodation taken on regular basis will be in the nature of rent subject to TDS. Circular : No. 5/2002, dated 30-7-2002. Where earmarked rooms are let out … Witryna29 gru 2024 · A company organises a meeting of 90 persons in a hotel. The hotel raises bill charging Rs. 400/- per person mentioning charges for catering services in hotel. ... as the hotel has made arrangements for the same. Also the bill is not raised for the food, it is raised for the catering services. ... tds applicable on lump sum payment like …

Is tds applicable on hotel food bill

Did you know?

http://expertspanel.in/index.php?qa=15255&qa_1=banquet-house-party-dinner-customer-company-business-purposes

Witryna23 gru 2014 · Tds applicability on bills of hotels. 23 December 2014 yes under section 194C tds to be deducted. 23 December 2014 TDS on hotel needs to be deducted … Witryna28 mar 2024 · Issue of non-deduction of tax at source on the hotel expenses incurred by the assessee: It was held by the AO that assessee should have deducted tax at …

WitrynaTDS is a direct taxation mechanism which was introduced to collect taxes from the source of income itself or at the time of income payout. TDS full form is Tax Deducted … WitrynaAnswer: Rate of TDS on catering services; If the payee is Individual or HUF rate is 1%, other than an individual or HUF it is 2%. Exemption Limit Rs. 30,000 for single payment or aggregate amount in the financial year does not exceed Rs. 1,00,000.

Witryna24 maj 2012 · TDS on the charges you pay to a Barber? The word ‘carrying out any work’ in section 194C is limited to any work which on being carried out culminates into a …

WitrynaTDS deducted on payment of dividend made by Mutual fund to natural Person is final withholding Tax. 5%. 5%. X. TDS on Payment by Resident Person for utilizing services related with Satellite, Bandwidth, Optical Fiber, equipment relating to telecommunications or electric transmission. arbeiterbewegung karikaturWitryna31 maj 2011 · Applicability of T.D.S on Banquet, Food & Other Charges. 31 May 2011 While making a payment of Banquet (hall Charges), Business Centre (Internet Usage), Food/Beverage & Other Charges (Laundry, Telephone etc.) to the hotel is T.D.S deductible on such payments? arbeiten temperaturWitryna28 cze 2010 · Answer : Payments made by persons, other individuals and HUFs for hotel accommodation taken on regular basis will be in the nature of rent subject to TDS … bakers uppinghamWitryna15 cze 2024 · And VAT ranged between 12% to 14.5% along with a service charge of 10%. The applicable Service Tax rate from June 1, 2016 was 15% which included … arbeiterkammer.at beratungWitrynaTDS is to be deducted at the rate of 2 % on payments made to the supplier of taxable goods and/or services, where the total value of such supply, under an individual contract, exceeds Rs.2,50,000. No … baker-swanWitryna19 gru 2024 · TDS on Hotel Accommodation. Update: As of September 2024, the TDS rate on hotel accommodation in India is 10% of the total amount paid for the … baker subseaWitryna19 lip 2024 · Showing Replies 1 to 4 of 4 Records. TDS under Section 194 C of the Income Tax Act is different than TDS under GST Acts. Both Acts are independent. TDS under GST has been deferred up to 30.9.2024. Contract/agreement may be either expressed or implied. This is a case of implied contract. In my view, TDS is applicable. arbeiter karikatur