Tax deduction at source
This query is : Resolved
14 March 2014
M/s XYZ Pvt ltd co is carrying on trading business. The company has entered into contracts with online portals like Flipkart, Peeper fry etc. The sale transaction is as follows:
1. Customer order for the product using online portal say flipkart.
2. Flipkart intimates about this to M/s.XYZ Pvt Ltd.
3. M/s XYZ delivers the product to the customer via Flipkart's delivery team.
4. Cash is collected by Flipkart.
5. Flipkart deducts a commission of certain percentage and remits the balance amount to M/s. XYZ pvt Ltd.
Query:
1.Does the Commission paid by M/s XYZ Pvt Ltd to Flipkart attract provisions of 194H.
2. If it does so, how should it comply if the commission is entirely deducted by flipkart.
1. Customer order for the product using online portal say flipkart.
2. Flipkart intimates about this to M/s.XYZ Pvt Ltd.
3. M/s XYZ delivers the product to the customer via Flipkart's delivery team.
4. Cash is collected by Flipkart.
5. Flipkart deducts a commission of certain percentage and remits the balance amount to M/s. XYZ pvt Ltd.
Query:
1.Does the Commission paid by M/s XYZ Pvt Ltd to Flipkart attract provisions of 194H.
2. If it does so, how should it comply if the commission is entirely deducted by flipkart.
14 March 2014
yes surely tds is applicable and u need to deduct tds if commision is paid to flipcart.
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- Treatment of Pension ?annuity returns on PMVY
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Small dealers gst returns filing
- Free lancer income
- LTCG for Assmt year 26-27
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
