18 November 2009
My Client has given Credit Note for Rate difference to Commission Agent Whether TDS Provisions are attracted to the Rate Difference . TDS Applicable under which section
18 November 2009
There is no TDS for the rate difference of material. If the rate difference is of contract, interest or others on which TDS is to be deducted (Section 192, 193, 194, 194A, 194B, 194C, 194D, 194E, 194EE, 194F, 194G, 194H, 194I, 194J, 194LA, 195, 196B, 196C, 196D), TDS will have to be deducted as per the related provision.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
18 November 2009
My client is paying commission or brokerage to agent who is selling my product now because of our rate difference My Client agreed to give rate difference to agent and for the same the credit n ote of Rs.28000 has been issued whether TDS Provision are attracted on Rate Difference
19 November 2009
It depends on the relation you have with commission agent. If you sell the goods to the commission agent and inturn he further sells in the market, then no TDS is deductible on the rate difference. But, if the relation is purely principal & agent, like he only gets the commission, then the rate difference given to the agent will be additional commission and the same rate of TDS will be applicable for commission and brokerage which you have deducted previously.