Tds deduction

This query is : Resolved

Rakesh Sharma (Querist)
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16 June 2015 We are selling our product (Footwear) through Flipkart.

During the m/o May-2015 we have sold footwear for Rs. 14,50,660/- & Flipkart paid 10,63,037/- after deducted following charges :-
1) Commission - 150960/-
2) Shipping Charges - 187210/-
3) Misc. charges - 1850/-
Add : Service Tax - 47603/-
Total 387623/-

We are manufacturing proprietor firm & our accounts will be audited as our turnover hopefully crossed the threshold limit of Tax Audit.

My query is that on which figures we have to deduct TDS & what will the rate of TDS.

Please advise.

Rupesh Jain

Rupesh Jain (Expert)
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16 June 2015 in last year if your books of account was audited u/s 44ab then you have to deduct the TDS in current year. otherwise not required.

you have to take bill of exp.
and tds will deduct on commission u/s 194H

Rakesh Sharma

Rakesh Sharma (Querist)
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16 June 2015 Should we deduct TDS on Shipping charges (Delivery charges) as well?

please advise sir.

Rupesh Jain

Rupesh Jain (Expert)
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16 June 2015 if he submit the seperte bill as reimbursement then no tds required.

Rakesh Sharma

Rakesh Sharma (Querist)
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16 June 2015 I think TDS should be deducted @2%. Because shipping charges is their income. Flipkart have delivery boys on salary basis.

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