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courier agency

anand maru (23 Points)

19 August 2019

under which section of the TDS courier agency falls???

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Kapadia Pravin (17259 Points)
Replied 19 August 2019

Since it is agency your income will be a commission income. File ITR3 as it falls under 28

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RAJA P M ("Do the Right Thing...!!!") (128083 Points)
Replied 19 August 2019

Originally posted by : anand maru
	under which section of the TDS courier agency falls???

If it's Your business then TDS u/s 194C...

If You are receiving commission income then it's u/s 194H

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Kapadia Pravin (17259 Points)
Replied 19 August 2019

if you are proprietor of business then No TDS to be deducted on payments made by you
if you receive commission from a proprietor then also No TDS on your commission income
( in both cases they are not covered under tax audit)

RAJA P M ("Do the Right Thing...!!!") (128083 Points)
Replied 19 August 2019

Please read the query carefully then give as per requirements of the query. No need confused to Querist about deduction of TDS...

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S ELAVARASI (ACCOUNTANT) (2975 Points)
Replied 19 August 2019

I agreed to Mr Raja P M Sir,

Assessee doing its as business (own/partnesrship) then TDS will be u/s 194C...

In case asseessee doing it's agency / commission based then TDS u/s 194H

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Kapadia Pravin (17259 Points)
Replied 19 August 2019

Commission or brokerage.

194H. Any person, not being an individual or a Hindu undivided family, who is responsible for paying, on or after the 1st day of June, 2001, to a resident, any income by way of commission [not being insurance commission referred to in section 194D] or brokerage, shall, at the time of credit of such income to the account of the payee or at the time of payment of such income in cash or by the issue of a cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon at the rate of [five] per cent :

Suresh Thiyagarajan (Student) (3986 Points)
Replied 20 August 2019

1. It all depends on the nature of the payment. It could either be called as courier charges or they could pay it as commission.
2. Courier charges are covered u/s 194C and agency commissions are covered u/s 194H.
3. Depending upon the threshold limit TDS will be deducted.
4. In case of sec 194C if the aggregate payment exceeds Rs. 1 lakhs or single payment exceeds Rs. 30,000 then TDS u/s 194C @ 1% in case of non-corporate or 2% in case of a corporate will be deducted.
5. In the case of sec 194H if the aggregate payment exceeds Rs. 15,000 then TDS u/s 194H will be required to be deducted @ 5%.
Please correct me if the above interpretation has an alternative view.

RAJA P M ("Do the Right Thing...!!!") (128083 Points)
Replied 20 August 2019

Originally posted by : Suresh Thiyagarajan
	1. It all depends on the nature of the payment. It could either be called as courier charges or they could pay it as commission. 2. Courier charges are covered u/s 194C and agency commissions are covered u/s 194H. 3. Depending upon the threshold limit TDS will be deducted. 4. In case of sec 194C if the aggregate payment exceeds Rs. 1 lakhs or single payment exceeds Rs. 30,000 then TDS u/s 194C @ 1% in case of non-corporate or 2% in case of a corporate will be deducted. 5. In the case of sec 194H if the aggregate payment exceeds Rs. 15,000 then TDS u/s 194H will be required to be deducted @ 5%. Please correct me if the above interpretation has an alternative view.