08 May 2010
Ofcourse Mr.Naik. But the explanation (1) is not so wide, under that explanation the element of Agency is not there then the TDS u/s.194H will not apply i.e.incase tranasactions principal to principal basis even commission paid that commission not covered under 194H
08 May 2010
Principal to principal basis means the Property of goods transfer to particular person for selling and that person selling the goods and getting the commission on that sales in this case Sec.194H is not applicable
But Agency element is the property or right of the goods not transfer still with the principal, but a person act as agent for selling that goods and getting commission in that case sec.194H applicable
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