TDS u/s 194H
This query is : Resolved
vipul jain
(Querist)
11 February 2017
Is a Company required to deduct TDS for commission charged by Payment Gateway u/s194H.
11 February 2017
Yes, if payment exceeds Rs. 5000
KAVIRAJA ADDANGADI
(Expert)
11 February 2017
Threshold limit increased to Rs.15000/- TDS reduced to 10% to 5% wef 01.06.2016
vipul jain
(Querist)
12 February 2017
As payment gateway gets the sales amount and deducts their commission and credits the balance amount to company .So how can TDS be deducted?
14 February 2017
You should contact accounts admin of Payment Gateway. and i suggest to square off ledger on monthly basis.
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