travel agent

[kunhalan kutty PV]

I am a non IATA travel agent running as Franchisee agent for a leading travel group. We collected cash from customer and sell ticket to them. Tickets purchased from our supplier and our profit is the service charge. Do I have to pay Income tax. If so on what.

AI Summary

Non-IATA Travel Agent Must Pay Income Tax on Service Charges If Income Exceeds Tax-Exempt Threshold A non-IATA travel agent, operating as a franchisee for a major travel group, inquired about income tax obligations related to their business. They collect cash from customers, purchase tickets from suppliers, and earn profit through service charges. A respondent advised that if the agent's income exceeds the tax-exempt threshold, they are required to pay income tax on the service charges earned.