Tds
Tanvi Chauhan (student) (55 Points)
05 August 2014
Is a partnership firm which is working as c&f liable to receive income as commission from the company after deduction of tds?
5 Replies
Vishal Gupta
(CA)
(59 Points)
Replied 05 August 2014
Yes, the company is liable to deduct TDS u/s 194H at 10% if the commission amount or aggregate of commission amount during the financial year is likely to exceed Rs. 5000.
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 05 August 2014
yes, tds will be deducted u/s 194H on payment of such commission.
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 05 August 2014
Yes tanvi,
The partnership firm will receive income as commission after deduction of TDS.....
Mausam Dasharathbhai Patel
(Professional - Chartered Accountant)
(23 Points)
Replied 05 August 2014
Yes Tds shall be deducted and net commission income will be received
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