installMent tds

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4 Points Joined August 2018
we are giving our products on installment ( 3 rd party - finance ) . After completion of transaction when 3 rd party gives us payment they deduct some processing fee amount , so is that processing fees amount will liable to deduct TDS
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On 11 January 2019 at 23:06 Report
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Accounts executive
552 Points Joined July 2017
No it doesn't fall under any TDS section since processing fees is another type of deduction
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On 11 January 2019 at 23:18
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4 Points Joined August 2018
we asked 3 rd party for gives a letter about the amount they deduct showing in what sense.
they are telling that its a commission chrged by them.
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On 12 January 2019 at 10:42
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Self Employed and Agriculture
1349 Points Joined November 2014

its just like commission charges by air travel agent from airline company,

so currently finance company charges commission and balance payment is remitted to you

you need to deduct TDS

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On 12 January 2019 at 11:12
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CA
3430 Points Joined January 2019
yess......,........
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On 18 January 2019 at 01:39


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