tds on commission
This query is : Resolved
Vijay B. Singh
(Querist)
11 May 2010
We are mumbai based manufacturer purchasing raw material (agricultural product-raw rubber)from Karnataka based Co.Op.Society, in purchase bill it charges agent commission as following:
Value Of Raw Material: 339900.00
2% CST : 6798.00
Agent Commission @1% : 3399.00
Goods Transit
Insurance : 193.00
Grand Total : 350290.00
Please advice us is commission is liable to TDS? society claims that its deduct the TDS itself.
Value Of Raw Material: 339900.00
2% CST : 6798.00
Agent Commission @1% : 3399.00
Goods Transit
Insurance : 193.00
Grand Total : 350290.00
Please advice us is commission is liable to TDS? society claims that its deduct the TDS itself.
CMA Ramesh Krishnan
(Expert)
11 May 2010
yes.it is nauture of commission under 194H.TDS will attract
12 May 2010
AGREE TDS TO BE DEDUCTED ON COMMISSION AMOUNT U/S194H @ 10%
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