Tds on commission and brokerage


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Querist : Anonymous

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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 ?

18 October 2013 yes on commission TDS is deductiable u/s 194H

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Querist : Anonymous

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

what shall be TDS?



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%


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