installMent tds



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
 
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Accounts executive

No it doesn't fall under any TDS section since processing fees is another type of deduction
 
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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.
 
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Self Employed and Agriculture

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

 
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yess......,........
 
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