02 April 2009
Dear All We are paying commission/ charges to octroi clearing agent for clearing of goods from octroi chek post. My question is 1)under which section we have to deduct the TDS? 2)What rate will be applicable? 3)On what amount to be deduct? 4)reason for the above. Thanking You
02 April 2009
You will have to deduct TDS u/s 194H if commission amount exceeds Rs.2500/- for the year @ 2.06% or 2.266% depending on the amount and payee.