Tds will applicable on discount
manjit (accountant) (26 Points)
04 August 2016manjit (accountant) (26 Points)
04 August 2016
Jayesh Vyankatrao Pawar
(Accounting & Taxation)
(51 Points)
Replied 05 August 2016
Hi,
if it is commission above 15000, it is resposibity of party to deduct tds on commision and deposit to revenue department you simply taken as Discount income.
advise to party deduct tds and deposit it to revenue department.
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