Tds on discount received
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 February 2013
I have purchased an item from the manufacturer who has a dealer in the state
we received the material and inturn made direct payment to the manufacturer. The agent of the seller company in the state has provided an additional discount and deducted TDS on the same.. My question is under what question he has deducted the tax@10%
we received the material and inturn made direct payment to the manufacturer. The agent of the seller company in the state has provided an additional discount and deducted TDS on the same.. My question is under what question he has deducted the tax@10%
CA PARAS BAFNA
(Expert)
12 February 2013
Such discount is treated by the Income Tax Authorities as a Commission. TDS would have been deducted U/s 194H.
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Message likes :
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CA PARAS BAFNA
(Expert)
12 February 2013
Such discount is treated by the Income Tax Authorities as a Commission. TDS would have been deducted U/s 194H.
.
.
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