Tds
This query is : Resolved
31 October 2013
we are giving commission to persons for bringing the milk to our booth in pursuant to contract b/w us.
whether this will fall under 194C or 194H.
Pl suggest.
whether this will fall under 194C or 194H.
Pl suggest.
31 October 2013
payment of commission will attract to TDS under section 194H @10%
31 October 2013
194C will apply only if you are making full payment to him inclusive of the cost of milk.
01 November 2013
@Nikhil - in ur case its simple purchase, we do not need to deduct any TDS
01 November 2013
what I mean to say is:
1. If you are paying this person only the commission, (ie the price of milk is paid to the milk vendor separately) then 194H will apply
2. If you are paying him commission plus the price of milk on the basis of a supply contract, then 194C should apply.
3. If it is only supply of milk, in the same manner we pay for milk when we buy from mother dairy, then no TDS.
1. If you are paying this person only the commission, (ie the price of milk is paid to the milk vendor separately) then 194H will apply
2. If you are paying him commission plus the price of milk on the basis of a supply contract, then 194C should apply.
3. If it is only supply of milk, in the same manner we pay for milk when we buy from mother dairy, then no TDS.
01 November 2013
TDS Rate of 10% will be applicable on payment of commission or brokerage by person other than Individual and HUF to any other person, and then they have to deduct TDS at the rate of 10% but commission or brokerage for financial year should be greater than Rs 5000/-(exceed five thousand rupees).
So Not TDS on commission or brokerage is payment for financial year is less than Rs 5000/-
In your case TDS is to be deducted U/S 194H...
So Not TDS on commission or brokerage is payment for financial year is less than Rs 5000/-
In your case TDS is to be deducted U/S 194H...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- TDR receipts for agreement holder
- Inventory of finished goods
- Sale of property furniture sale
- Disallowance of Section 43B(h) to sez units
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Applicability of Ind As to associate of associate
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
