banner_ad

installMent tds

Others 215 views 4 replies
User Avatar

4 Points Posted on 11 January 2019
we are giving our products on installment ( 3 rd party - finance ) . After completion of transaction when 3 rd party gives us payment they deduct some processing fee amount , so is that processing fees amount will liable to deduct TDS
0 Reply Share Follow
On 11 January 2019 at 23:06 Report
Replies (4)
User Avatar

Accounts executive
552 Points Posted on 11 January 2019
No it doesn't fall under any TDS section since processing fees is another type of deduction
Reply
On 11 January 2019 at 23:18
User Avatar

4 Points Posted on 12 January 2019
we asked 3 rd party for gives a letter about the amount they deduct showing in what sense.
they are telling that its a commission chrged by them.
Reply
On 12 January 2019 at 10:42
User Avatar

Self Employed and Agriculture
1349 Points Posted on 12 January 2019

its just like commission charges by air travel agent from airline company,

so currently finance company charges commission and balance payment is remitted to you

you need to deduct TDS

Reply
On 12 January 2019 at 11:12
User Avatar

CA
3430 Points Posted on 18 January 2019
yess......,........
Reply
On 18 January 2019 at 01:39


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details