tds on commission to profits
This query is : Resolved
ramakrishna
(Querist)
29 June 2011
kindly help me
is tds applicable on commission on profits to directors,if applicable what is the section no and shall TDS be deducted on the provision for commission of Profits to directors as on 31/03/2011.
is tds applicable on commission on profits to directors,if applicable what is the section no and shall TDS be deducted on the provision for commission of Profits to directors as on 31/03/2011.
ABHISEK TOSNIWAL
(Expert)
02 July 2011
Dear Ramakrishna,
Tds is required to be deducted on commission or brokerage paid to any person u/s 194H if the amount of commission paid crosses Rs. 5000/- in a financial year to a particular person.
In your case TDS is required to be deducted on commission on profits paid to directors.
Regards
Abhisek Tosniwal.
Tds is required to be deducted on commission or brokerage paid to any person u/s 194H if the amount of commission paid crosses Rs. 5000/- in a financial year to a particular person.
In your case TDS is required to be deducted on commission on profits paid to directors.
Regards
Abhisek Tosniwal.
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