TDS on Commission ?
This query is : Resolved
01 December 2010
We paid amount of Rs.60285 as a wages of labour and Rs. 6029 as a commission for labour supplier. Total bill paid to labour supplier is Rs.66285.
For that we duduct tax @2% on whole amount. Is this treatment is right? What is treatment for TDS on commission in this case ?
For that we duduct tax @2% on whole amount. Is this treatment is right? What is treatment for TDS on commission in this case ?
01 December 2010
Correct Treatment.
TDS to be deducted u/s 194C.
Rate of TDS:
Individual/HUF @1%
Others @ 2%
If PAN not given 20%.
(Deduction is subject to Threshold limits)
TDS to be deducted u/s 194C.
Rate of TDS:
Individual/HUF @1%
Others @ 2%
If PAN not given 20%.
(Deduction is subject to Threshold limits)
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