we are giving sales incentive to individual person for promoting our sales ,other than employee .It exceed Rs.20000/_
In this case can we are liable to deduct tds u/a 194
7 Replies
sabyasachi mukherjee
(27574 Points)
Replied 03 July 2022
If he does not have tan no. he cannot deduct and deposit.
Rajkumar Gutti
(591 Points)
Replied 03 July 2022
Receipent have not Tan No. But sales incentive provider have Tan No.
Previously we have deducted Tds under 194 H commission & brokerage @ 5%.
can in this case liable for deduct Tds u\s 194 @ 10% instead of 5%
Pl. guide
Previously we have deducted Tds under 194 H commission & brokerage @ 5%.
can in this case liable for deduct Tds u\s 194 @ 10% instead of 5%
Pl. guide
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 03 July 2022
Firstly, It's section 194R and you need to deduct 10% in the above case.
sabyasachi mukherjee
(27574 Points)
Replied 03 July 2022
Yes the person who pays can deduct tds and deposit. So here its sales incentive provider.
Rajkumar Gutti
(591 Points)
Replied 04 July 2022
Section 194 H Brokerage & commission rate 5%
section 194R perqisit rate 10%
suppose we give sales incentive to person
for sales promotion.
which section attract
section 194R perqisit rate 10%
suppose we give sales incentive to person
for sales promotion.
which section attract
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 04 July 2022
Sec 194H applicable here
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