No TDS on Minimum Guarantees Paid to Hotels: ITAT grants Relief to OYO Rooms [Read Order]
The minimum guarantee expense was compensatory in nature, intended to address shortfalls in room occupancy, rather than payment for specific services rendered.
By Navasree A.M - On February 16, 2024 5:48 pm - 2 mins read
The Delhi Bench Income Tax Appellate Tribunal ( ITAT ), while granting relief to the Oravel Stays Private Limited, the company which runs OYO Rooms, has ruled that the company is not obligated to pay Tax Deduction at Source ( TDS ) on Minimum Guarantees Paid to Hotels. The ITAT ruled against the disallowance of…
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