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)

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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