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
(Expert)
31 May 2012
It's not Goodwill.
.
Amount paid to the Agents will be treated as commission. TDS 194H
.
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.
.
.
Amount paid to the Agents will be treated as commission. TDS 194H
.
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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