TDS on Commission paid to collection agency
This query is : Resolved
Sunil Maurya
(Querist)
05 May 2010
A mobile Co. has entered into a contract with an agency for collection of its bill amount. The payment made to these agency is based on percent of amount collected by these agencies.
Now under which section the TDS should be deducted keeping in mind that mobile co is bearing the risk?
Now under which section the TDS should be deducted keeping in mind that mobile co is bearing the risk?
Aditya Maheshwari
(Expert)
05 May 2010
since it is contract entered tds deductible u/s 194C
K V Subba Rao
(Expert)
05 May 2010
In case of LIC Agents who solcit "business" for the LIC, is there any scope to take similar stand of Contract existing between LIC and Agents so as to affect TDS u/s 194-C
taxindiaconnect
(Expert)
05 May 2010
Agree on first point with Aditya, on second question - No Specifically the provisions are covered under section 194 H, Commission.
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