Tds on commission or incentive
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 September 2014
commission or incentive paid by the employer to his employee ,liable to deduct TDS on commission or incentive by the employer to employee, according to which section.
07 September 2014
https://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITAC&schT=&csId=eaba76bc-57c3-44f7-967e-6d97b38b8152&rdb=sec&yr=793705f8-299b-490d-b041-fa75985a619b&sec=17&sch=&title=Taxmann%20-%20Direct%20Tax%20Laws
Check out Section 17(1)(iv) of Income Tax Act 1961 from above link. Commission received by an employee is also a part of salary so TDS will be deducted u/s 192 only. Section 194H is not applicable.
Check out Section 17(1)(iv) of Income Tax Act 1961 from above link. Commission received by an employee is also a part of salary so TDS will be deducted u/s 192 only. Section 194H is not applicable.
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