TDS on Other Business Services P1006
This query is : Resolved
25 June 2025
Hello All,
We are the importers of Industrial Machines .
We have received Rs. 19.00 lac USD 22 k from our offshore vendor under P1006
How to account for it and under which section is TDS payable.
We are the importers of Industrial Machines .
We have received Rs. 19.00 lac USD 22 k from our offshore vendor under P1006
How to account for it and under which section is TDS payable.
25 June 2025
this invoice is for their service or for the machine?
26 June 2025
They are our vendors... basically as we have achieved purchase target , so they have given us a type of commission /discount
26 June 2025
so how is TDS applicable to this anyway? just account for it as commission/brokerage income.
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