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Sec 194 h tds on commission (Income Tax)

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This query is : Resolved

( Querist )
29 August 2011

Company is paying its distributors commission by way of deduction on selling price of its product. The agreement between co. & its distributor states that distributors will be entitle to basic commission of the rate 3 % of selling price by way of reduction on the selling price on all quantities purchased from the company.
Does it attract the provisions of Sec 194 H.

CMA Ramesh Krishnan

( Expert )
29 August 2011

No.commission based on any service in course of buying & selling of goods or in relation to any transactions relating to any asset, valuable article or thing not being security



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