what is the rate of deduction for Courier Franchisee fee.
we will collect all receipts and remit to the Principal on some percentage basis.
Basavaraju.B.R.Gowda ( Student) (186 Points)
14 August 2010what is the rate of deduction for Courier Franchisee fee.
we will collect all receipts and remit to the Principal on some percentage basis.
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 14 August 2010
TDS RATE IS 10%.
THE DEDUCTION WOULD BE UNDER SEC 194H- COMMISSION AS THE TRANSACTION U MENTIONED IS PARTAKE THE CHARACTER OF COMMISSION AGENT.
REGARDS,
MANOJ
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