Tds rates revision implication w.e.f 1.6.16
This query is : Resolved
DHEERAJ KUMAR
(Querist)
24 May 2016
Sir
W.e.f 1.6.16 tds rates on commission is being reduced from 10% to 5%.
We pay commission on sales to our agents. For May months bill is received in June. Now if the bill of May sales is received in June' 2016 then tds will be deducted on 10% or 5%
Also confirm the tds rate of 5% on commission being paid on sales of our product
Regards
Dheeraj Kumar
W.e.f 1.6.16 tds rates on commission is being reduced from 10% to 5%.
We pay commission on sales to our agents. For May months bill is received in June. Now if the bill of May sales is received in June' 2016 then tds will be deducted on 10% or 5%
Also confirm the tds rate of 5% on commission being paid on sales of our product
Regards
Dheeraj Kumar
Rupesh Jain
(Expert)
24 May 2016
its better to deduct the tds rate applicable in may.
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