tds
This query is : Resolved
27 March 2009
A sales profeesional receiving consultancy fees for providing sales promotion related services to the company.Does it attract TDS?If yes under which section?
27 March 2009
I think this is considered as Commission on sales & thats why the payment as incentive is tax deductible @ 11.33% for companies,firm for individuals or huf payment to them less than Rs. 10 lacs then @ 10.3% & for individual or huf payment more than 10 lacs @ 11.33%. TDS applicable only when payment exceeds Rs. 2500/- in a year as per sec. 194H.
27 March 2009
Yes, it will attract TDS u/s 194J, TDS of professional Services @ 10% + Surcharge (if applicable) + Cess.
Commission on sale can be considered only if he is receiving the amount, only when their is increase in sale, and the same is mention in agreement.
Commission on sale can be considered only if he is receiving the amount, only when their is increase in sale, and the same is mention in agreement.
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
- GST Regis.
- Inventory of finished goods
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Bogus purchase treatment for it act gst dealer
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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?
Trending Online Classes
CAclubindia
