TDS and Withholding Tax
Withholding tax is deducted by Treebo under the provisions of the Income Tax Act, As E-commerce operators, we are required to deduct the tax at the rate of 1% on all bookings other than Walk-In and B2. The Tax deducted will be appearing in your form 26 AS at the end of each quarter. You can claim this Withholding at the time of filing your Income Tax return.
If you are required to deduct TDS on commission/Fees paid to Treebo request you to deposit the tax and share form 16A with us, and we will proceed with refunding the money.
TCS is the 1% tax held against online bookings for advance payments made by the customers, they can claim this from the government from the GST portal.