07 September 2010
A pvt. ltd co. is manufacturing harvestor combines. On sale of every combine, it paid commission which is between Rs. 2000-2500 per combine. Total commission goes to Rs. 135000/- in the year 2008-09. Per combine commission is paid to different person means one person is in receipt of Rs. 2000-2500 only. No single person is receiving more than Rs. 2500. I want to know whether this is tax deductible or not??? Whether the TDS provisions are applicable??? If yes, then under what section and At what rate?? Please reply
CAclubindia
