TDS ON COMMISSION
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 November 2010
COMPOSIT BILL OF PUR+MINOR COMMISSION LIKE
PUR RS. 150000
COMM RS. 3750 (i.e. 2.5% on pur)
Labour RS. 500 (LODING ETC)
DHARMADA RS. 50
TOTAL 154300
IS TDS REQUIRED TO BE DEDUCTED IF YES ON WHICH AMOUNT
NOTE :- SO MANY BILL OF SAME PARTY
PUR RS. 150000
COMM RS. 3750 (i.e. 2.5% on pur)
Labour RS. 500 (LODING ETC)
DHARMADA RS. 50
TOTAL 154300
IS TDS REQUIRED TO BE DEDUCTED IF YES ON WHICH AMOUNT
NOTE :- SO MANY BILL OF SAME PARTY
Tilak Agrawal
(Expert)
30 November 2010
In my opinion : No TDS Required
CA.ViVeK M ACA
(Expert)
30 November 2010
If taking The commission transaction in isolation there required to be deducted TDS @ 194 H since payment exceeds Rs 2500/-
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