Tds
This query is : Resolved
Anil Bhardwaj
(Querist)
30 May 2012
Dear Experts
My company gives to customer a certain percentage on sales to customers with the name of annual turnover support, if they would achieve given targate, Now my concern is that should we deduct TDS on that amount or not.
My company gives to customer a certain percentage on sales to customers with the name of annual turnover support, if they would achieve given targate, Now my concern is that should we deduct TDS on that amount or not.
30 May 2012
The nomenclature is not important. What is to be seen is the substance of the transaction.
In this case, the transaction amounts to commission. Accordingly, TDS shall be deducted u/s 194H.
In this case, the transaction amounts to commission. Accordingly, TDS shall be deducted u/s 194H.
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
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- Import Order Cancelled.
- GSTR-9C filing
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Gift to nri relatives residing in usa
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- ETDS return q4 25-26
- Capital Gains Tax on Inherited Mutual Fund
- LLP audit and disclosure
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- 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
- 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
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
