TDS ON DEALER SUBVENTION CHARGES PAID TO BAJAJ FIN
This query is : Open
25 April 2022
what is the accounting proceedure for accounting subvention income invoice received from bajaj finance ltd to a dealer dealing in electronis?is TDS u/s 194h is applicable while remitting by the dealer to bajaj finance limited?
25 April 2022
If the dealer subvention charges are in the form of commission, then TDS will be applicable u/s 194H @5%.
Not applicable in the case of individuals and HUF who were not liable to audit in the previous FY.
Not applicable in the case of individuals and HUF who were not liable to audit in the previous FY.
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05 August 2022
is there any caselaw which define the subvention as commission or contract or anything?
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