25 April 2022
what is the accounting proceedure for accounting subvention income invoice received from bajaj finance ltd to a dealer dealing in electronis?is TDS u/s 194h is applicable while remitting by the dealer to bajaj finance limited?
25 April 2022
If the dealer subvention charges are in the form of commission, then TDS will be applicable u/s 194H @5%. Not applicable in the case of individuals and HUF who were not liable to audit in the previous FY.
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