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Tds

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(Querist)
08 January 2016 Whether discount allowed attract TDS? Does it come under "any other income" specified in 194H and TDS chapter?
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Ankur Singhal

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Ankur Singhal (Expert)
08 January 2016 Dear
TDS is not applicable on discount allowed.No it does not come under 194J
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Ganeshbabu K

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Ganeshbabu K (Expert)
08 January 2016 TDS is deductable on expenditure.please book expenditure net of discounts received any.
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