TDS

This query is : Resolved

Pankaj Jhawar (Querist)
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13 January 2011 If a laptop is given to the agent as gift for good performances and the amount is booked under biz promotion exp then whether TDS will be deductible on the laptop amount paid to the agent and will i ask him to pay TDS???

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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13 January 2011 TDS will be under 194 H (Commission)

Suppose laptop is of 27000/-. Then work back wards... i.e 27000/0.9 = 30000/-

So the total commission exp is 30000/- & TDS is 3000/-.

See.. in any case, you are paying TDS on his behalf.. so you can tell him to pay as ultimately he will get this IT credit for Rs. 3000/-