Save Rs 499. Go Ad-Free with CAclubindia Pro for 2 Full Years. Subscribe Now!

banner_ad

TDS on Other Business Services P1006

This query is : Resolved

Share Report Follow Query Ask a Query

Smrity

(Querist)
Follow

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.

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

25 June 2025 this invoice is for their service or for the machine?

Smrity

(Querist)
Follow

26 June 2025 They are our vendors... basically as we have achieved purchase target , so they have given us a type of commission /discount

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

26 June 2025 so how is TDS applicable to this anyway? just account for it as commission/brokerage income.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CCI Pro

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

CCI Pro

Meet our CAclubindia PRO Members

Pro Member Ankit Mehta

Ankit Mehta

Pro Member Badhri Narayanan

Badhri Narayanan

Pro Member Shunmugavel Manohar

Shunmugavel Manohar

Pro Member Narendra

Narendra

Pro Member Shraddha Pangam

Shraddha Pangam

Follow us

add to google news

Answer Query

Quick Links

Browse by Category

Latest Job Openings

View all

Featured 27 May 2026

Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

21 May 2026

Associate

PWC

Kolkata

CA

View Details

29 May 2026

Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details

26 May 2026

Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details

22 May 2026

U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details

ARTICLESHIP 08 June 2026

Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details

27 May 2026

Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details

ARTICLESHIP 15 May 2026

ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details