Deducting TDS on payments made to Vacation Labs

You will be unable to deduct TDS while making a payment towards your Vacation Labs subscription invoice (due to a technical limitation in our subscription billing software). If you attempt to make a payment after deducting TDS, the billing system will continue showing the invoice as "due" due to the balance amount and it will ultimately lead to your account getting suspended. Therefore, we have come up with the following process, which seems to have now become industry practice. This is the same process that we are following for our payments to Amazon AWS, or PayPal.

The process to claim TDS refund involves the following steps:

1. Make full payment for your Vacation Labs invoice, without deducting any TDS amount.

2. Calculate the TDS amount (2% under section 194C or 10% under 194J, as applicable), and deposit it with the income tax authorities (usually once a month). Finally, file your TDS returns accordingly (usually once a quarter). While filing the TDS returns, please be careful to use the PAN Number of Vacation Labs (AAHCM9291P).

3. Download the TDS certificate (FORM NO. 16A) from the Income Tax website

4. Send an email to support@vacationlabs.com  requesting for TDS refund. Please attach the following documents in your email:

1. All relevant TDS certificates (i.e. Form 16 A)

2. Account number where the TDS refund needs to be deposited

3. Table with the following details

Invoice No	Invoice Sub-total	TDS rate	TDS Amount
SUB-0001	Rs 5,000	2%	Rs 100

Please note, TDS has to be deducted on the base value of the invoice, i.e. amount excluding taxes (this shows up as a Sub-total on most invoices). For example, TDS under section 194C, for the below invoice will be 2% x 15,500 = Rs 310

1. After receiving all the necessary details, it will take 10 working days to process the refund.
   

• Related Articles

• How to edit/modify Footer in Vacation Labs

  Along with your website header, the website footer is equally important for any website. It allows you to show a brief summary of all your website content in short. Most of the customer prefer website footer as the first place on your website to get ...

• Connecting Mailchimp Account to Vacation Labs

  Sign in to your Vacation Labs account and Select the SETTINGS from the sidebar. Go to Apps and Mailchimp section. If you already have an account you can click on Get Started or click on here to create a new account. After the Mailchimp window opens ...

• How to install custom CSS in Vacation Labs and its caveats

  Important caveats - before you begin There is no support for custom CSS and there is no guarantee that your custom CSS will continue to work as the platform evolves and new features are released. Since Custom CSS scripts are installed by customers ...

• How to change the default currency?

  The default currency of your account is automatically configured during the initial sign up process, but it can always be changed or modified. In order to change the default currency please follow the steps shown below: Log in to your Vacation Labs ...

• How to view/edit bookings

  Vacation Labs allows you to manage all your bookings (online and offline) from one place. The BOOKINGS tab takes you to the list of bookings that you have received. The bookings have a unique booking ID and time-stamp associated with them. These ...