Tds liability
This query is : Resolved
29 June 2012
SIR
IF I AM A SUPER STOCKIST OF A COMPANY AND COMPANY DEDUCTED TDS OF 10% ON SOME INCENTIVE BUT PROBLEM IS THAT THE PAYMENT MADE WAS ONLY A REIMBURSEMENT OF EXPENSES OF THAT SUPER STOCKIST AS THE PAYMENT WAS AS IT IS DISTRIBUTED TO ITS SUB DEALERS ON BEHALF OF THE COMPANY ITSELF.
SO SIR I WANT TO ASK ON BEHALF OF SUPER STOCKIST THAT WHETHER TDS SHOULD BE DEDUCTED UNDER SEC 194C OR 194H.?
IF I AM A SUPER STOCKIST OF A COMPANY AND COMPANY DEDUCTED TDS OF 10% ON SOME INCENTIVE BUT PROBLEM IS THAT THE PAYMENT MADE WAS ONLY A REIMBURSEMENT OF EXPENSES OF THAT SUPER STOCKIST AS THE PAYMENT WAS AS IT IS DISTRIBUTED TO ITS SUB DEALERS ON BEHALF OF THE COMPANY ITSELF.
SO SIR I WANT TO ASK ON BEHALF OF SUPER STOCKIST THAT WHETHER TDS SHOULD BE DEDUCTED UNDER SEC 194C OR 194H.?
29 June 2012
Incentive u/s 194H, even if received by you for others also and you are gain giving to others the tds will apply.
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