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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 Posted / ankur jain
yes tds will be deducted @1.03%
because he is a subcontractor
| Is This Answer Correct ? | 17 Yes | 19 No |
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I run a small consultancy firm (partnership with my mother) from my residence address. My firm is not registered, but I do have a separate PAN for it. I do not have any salaried employees. I get work done by freelancers and vendors and pay them against invoice. My annual revenues are just about Rs 5-6 lakhs. I am aware that I would need to register for service tax once I touch Rs 9 lakhs. But I am confused about my obligation to get a TAN and deduct TDS for all vendor/freelancer payments. Are there any minimum thresholds for withholding TDS? Right now I pay 100% of invoice amounts. Please advise.
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