Incentive to Marketing people
This query is : Resolved
21 August 2008
Incentive is being paid to Marketing people after the end of the year based on sales achieved by them. Sometime this incentive is called bonus.
Should one consider this under the head 'Salary' for TDS purpose? For YES or NO kindly give reasons.
Thanks.
Should one consider this under the head 'Salary' for TDS purpose? For YES or NO kindly give reasons.
Thanks.
Ram Avtar Singh
(Expert)
21 August 2008
yes TDS to be deducted on gross amount
21 August 2008
Dear sir,
Thanks for your reply.
I am aware that TDS is to be deducted on gross amount. My question has two parts. They are -
1)Under which head TDS is to be deducted.
2)The reasons for above answer.
KINDLY Answer BOTH questions.
Thanks
Thanks for your reply.
I am aware that TDS is to be deducted on gross amount. My question has two parts. They are -
1)Under which head TDS is to be deducted.
2)The reasons for above answer.
KINDLY Answer BOTH questions.
Thanks
CA E.A.Ravikumar
(Expert)
21 August 2008
"Salary" as defined u/s.17(1) includes
wages,fee, commission, perks, profit in lieu of salary etc., so the TDS needs to be deducted under the head salaries.
wages,fee, commission, perks, profit in lieu of salary etc., so the TDS needs to be deducted under the head salaries.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Nursery business
- Tax on Amount transferred in HUF Account
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- TDS on Dashcam rent and allied services
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Intimation under section 245
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- Working on Gold wastage during Melting of old gold jewellery
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- 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
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
