Tds on commission
This query is : Resolved
Kapil Bhatia
(Querist)
25 July 2013
Sir,
I am doing business as proprietorship from 01.04.2012. During the year 2012-2013, I have paid commission Rs. 25000/- to my agent on sales. Should i deduct TDS on commission. Turnover is below Rs.40Lac.
I am doing business as proprietorship from 01.04.2012. During the year 2012-2013, I have paid commission Rs. 25000/- to my agent on sales. Should i deduct TDS on commission. Turnover is below Rs.40Lac.
25 July 2013
Yes tds needs to be deducted u/s 194H on gross commission paid if you were liable for tax audit in fy 11-12.
25 July 2013
If Tax Audit was not applicable to you in the preceding previous year then you are not required to deduct TDS.
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