courier agency

under which section of the TDS courier agency falls???
Replies (10)
Since it is agency your income will be a commission income. File ITR3 as it falls under 28
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

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

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

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 :

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. 

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. 

 

bro...

parava'illai correct thaan. but, query ithu thevai illai. so, ithai thaan naan avarukku solli irukken. 

Just trying to elaborate bro. Anyways that a sharp answer though !! 

Originally posted by : Suresh Thiyagarajan
Just trying to elaborate bro. Anyways that a sharp answer though !! 

ALL ARE CANNOT UNDERSTAND LAW POINTS AS PER BOOKS. SO, WHY WE SHOW LAW POINTS...

IF QUERIESTS UNDERSTANDS BOOK BASED LAWS (FLAT READING) THEN WHY THEY ASK DOUBTS HERE...

 

BETTER TO REPLY SIMPLE WAY...

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