Tds on commission
This query is : Resolved
SHREEPAL LALWANI
(Querist)
03 January 2017
Dear Sir,
My one Proprietor ship client is audited party. Now he wants to pay commission of Rs. 30000/- to Pvt Ltd co. so TDS is required to pay 5% or 10% on commission. Deductee is Pvt Ltd Co. This 5% rate is also applicable to Pvt Ltd or either 10% required to deduct. Please reply fast.
My one Proprietor ship client is audited party. Now he wants to pay commission of Rs. 30000/- to Pvt Ltd co. so TDS is required to pay 5% or 10% on commission. Deductee is Pvt Ltd Co. This 5% rate is also applicable to Pvt Ltd or either 10% required to deduct. Please reply fast.
Mithun Agarwal
(Expert)
03 January 2017
Tds on Commission (194H) is 10% till 31.05.2016 and after 31.05.2016 its reduced to 5%.
Message likes :
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SHREEPAL LALWANI
(Querist)
03 January 2017
also for company deductee 5%?
Message likes :
1 times
Mithun Agarwal
(Expert)
03 January 2017
yes for company deductee also 5%
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