banner_ad

Tds on commission and brokerage

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 October 2013 Dear Sir

One of the clients sells goods to an exporter in Mumbai. The exporter charges an amount in the books of supplier as commission and brokerage. Thus while settling the accounts the payment recieved by client is net of such commission charged by the exporter (i.e. commission recieved by exporter and paid by supplier).

Now my query is, Will TDS be deducted by the supplier(client) on such amount credited ?
Profile Image

Nitesh Parmar

Profile Image

Nitesh Parmar (Expert)
18 October 2013 yes on commission TDS is deductiable u/s 194H
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 October 2013 If credited amount is Rs.100

what shall be TDS?
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
18 October 2013 TDS will apply on the total commission amount. if the commission amount is Rs.100 then tds will apply on Rs.100 tds rate is 10%
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details