Tds
This query is : Resolved
27 October 2016
One of our Client gives salary to the employee a fixed amount as salary and a variable amount salary as commisssion based on turnover , while doing TDS Returns please confirm whether we can show the same commission as Salary in Form 24 Q. I presume this is the correct way, please clarify
27 October 2016
Yes, u must treat that commission as a part of salary, it can b treated as target incentive. The logic of not showing it as commission is that u r paying the amount to ur employee and he/she is not raising any bill for that type of commission. So the Company must treat that as salary and deduct tax accordingly.
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
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
