commission on sales
This query is : Open
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
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
07 September 2010
TDS will not be attracted..
as the same will not be attractd because per person commission payable is less than 2500.00
as the same will not be attractd because per person commission payable is less than 2500.00
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