TDS

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 December 2010 In case of Real estate agency, a discount is given to the customers who books the plot/ flat.

for this real estate agent gets commission from the builders and give some portion of discount to the customers back.

my question is whether TDS is deductible on discount given to customers.if yes at what percentage it should be deducted

please reply soon.

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
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21 December 2010 Giving portion of commission can't be a discount, its a sale promotion scheme and should be treated sales promotion expenses.
In My Opinion, No need to deduct TDS.