can tds deduct yearly on commission
This query is : Open
23 January 2017
hello sir,
my query is about tds.
I want to know that in proprietorship firm sale turn over over 5 crore. and we give commission on sale. than we should passed entry yearly or quarterly and TDs deduct yearly or quarterly..plz help me out..
thanx
23 January 2017
If you make yearly payment you pass entry yearly and deduct TDS yearly. In case of monthly/quarterly payment deduct TDS monthly/quarterly.
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