TDS ON COMMISSION TO THIRD PARTY
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 June 2010
I HAVE A PROPRIETORSHIP COMPANY WHICH
DEALING SENDING COMMISSION TO THIRD PARTIES
BY CHEQUE. AND MY COMPANY TURNOVER IS BELOW
40 LACS. I HAVE REGISTERED MY COMPANY FOR SERVICE TAX.
KINDLY LET US KNOW WHETHER I HAVE TO DEDUCT
TDS FOR COMMISSION OR NOT. WHERE AS I AM PAYING TDS TO MY PRINCIPAL COMPANY.
DEALING SENDING COMMISSION TO THIRD PARTIES
BY CHEQUE. AND MY COMPANY TURNOVER IS BELOW
40 LACS. I HAVE REGISTERED MY COMPANY FOR SERVICE TAX.
KINDLY LET US KNOW WHETHER I HAVE TO DEDUCT
TDS FOR COMMISSION OR NOT. WHERE AS I AM PAYING TDS TO MY PRINCIPAL COMPANY.
CMA Ramesh Krishnan
(Expert)
08 June 2010
Individuals having less than Rs.40 lakhs turnover no need to deduct tax on payment made by them
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