what is the rate of deduction for Courier Franchisee fee.
we will collect all receipts and remit to the Principal on some percentage basis.
1 Replies
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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