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Liability of tds - applicability

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Querist : Anonymous

Querist : Anonymous (Querist)

12 March 2015 I am an individual, my income is below 20 lakhs. But I made a payment of marketing commission to various sales agents towards mobilizing clients. I am not deducted any tax since my income/turnover is not more than that limit which is mentioned in provision. But some of my friends raise a question and told that it was wrong, you should deduct TDS on payment which are making under category of commission. Anybody had clear view, please suggest, whether I am liable to deduct TAX. (Note: 3 agents got commission more than 50000 each)thanks in advance to all experts.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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12 March 2015 if you did not had tax audit conducted in prev fy 13-14 i.e if ur income was not more then 1 crore or service provided was not more then 25 lakhs then no need to deduct tds in this case.

Querist : Anonymous

Querist : Anonymous (Querist)

12 March 2015 Dear Tushar sir, you have mentioned the limit 25 laks for service provided, whether it is includes profession.

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