TDS on commission
This query is : Resolved
Kishan L. Agarwal
(Querist)
20 October 2008
Whether TDS is applicable on commission paid less then Rs. 2500/- at a time to a person to whom more then that amount has been paid in aggregate during a year?
S.Srinivasaraghavan
(Expert)
20 October 2008
If it is not known to you at the first time of payment, whether more will follow, You will have to make up the non-deduction in the subsequent payments.
CA Bosu babu
(Expert)
23 October 2008
yes you have to deduct the TDS @ 10.3% or 11.33% once he crossed Rs.2500 PA. so 1st time if payee has not crossed 2500 then no need to deduct TDS. but once he crossed the limit i.e., 2500 you have to deduct on Total amount i.e., (1st bill+next bill)*10.3 or 11.33 as the case may be.
Hiral Raja
(Expert)
20 November 2008
You have to deduct TDS on the entire amount (once the same exceeds RS. 2500/-)p.a per party.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
