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tds

This query is : Resolved 

27 March 2009 A sales profeesional receiving consultancy fees for providing sales promotion related services to the company.Does it attract TDS?If yes under which section?

27 March 2009 I think this is considered as Commission on sales & thats why the payment as incentive is tax deductible @ 11.33% for companies,firm for individuals or huf payment to them less than Rs. 10 lacs then @ 10.3% & for individual or huf payment more than 10 lacs @ 11.33%. TDS applicable only when payment exceeds Rs. 2500/- in a year as per sec. 194H.

27 March 2009 Yes, it will attract TDS u/s 194J, TDS of professional Services @ 10% + Surcharge (if applicable) + Cess.

Commission on sale can be considered only if he is receiving the amount, only when their is increase in sale, and the same is mention in agreement.




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