tds on commission
This query is : Resolved
01 November 2007
what shall be the rate of TDS on commission paid to a mega store (%age of MRP)for providing shelf space. 194H or 194C?
01 November 2007
194 H DEALS WITH SERVICES RENDERED IN THE COURSE OF BUYING AND SELLING OR IN RELATION TO ASSETS OR VALUABLE ARTICLE ETC.. NOT BEING SECURITIES.
SO IT IS A CASE OF 194H.
R.V.RAO
SO IT IS A CASE OF 194H.
R.V.RAO
01 November 2007
Thnx Mr.Rao. Appreciate your prompt response
Another question coming to me is- what will be the status if the word 'commission' although used here is actually a discount given in the invoice to the vendor
Will TDS also be applicable on amount paid for (&under what section)
a) %age of MRP for data sharing of sale. staff training,consumer research etc
b) %age of MRP for Display of product in the store (shelf space)
Also what shall be service tax implication?
Thanking you in anticipation
Another question coming to me is- what will be the status if the word 'commission' although used here is actually a discount given in the invoice to the vendor
Will TDS also be applicable on amount paid for (&under what section)
a) %age of MRP for data sharing of sale. staff training,consumer research etc
b) %age of MRP for Display of product in the store (shelf space)
Also what shall be service tax implication?
Thanking you in anticipation
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