Goodwill/commision

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 May 2012 Can money paid to Travel agents /Drivers for fetching clients accounted as goodwill and not commission which attracts TDS to claim as expenditure , The amount will be paid by cheque,

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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31 May 2012 It's not Goodwill.
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Amount paid to the Agents will be treated as commission. TDS 194H
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Amount paid to employee-drivers as Commission may be shown as Salary & Wages only if his salary is below the taxable limit. Any commission paid to employees, also forms part of salary and applicable TDS Section is 192.
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