Hw to deduct tds
Querist : Anonymous
we also give them some advance for petrol and other exp. which we deduct from their comm. and also we give them spot commission at the time when plot is booked. rs 5 /sq.ft if plot is in inst and rs 7/sq.ft if whole plot is in cash. my que is on what amt tds will be charged.
for ex: i sale 2 plots 4842sq.ft+1210.50sq.ft=6052sq.ft i will get a comm of rs 6052sq.ft*8/sq.ft=rs.48420 at the end of the month.
I got spot comm.of rs.(4842*5)+(1210.50*7)=24210+8473=32683
and also gets an avance of rs 2000/- for my exp.
so on what amt my employer will deduct tds whether it will be:-
1)48420*10% 2)32683*10%
3)48420-32683-2000=13757*10%
plz help it urgent.
Querist : Anonymous
Click here to login now
Similar Resolved Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
