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Sales incentive Tds under 194R

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871 Points Posted on 02 July 2022
we are giving sales incentive to individual person for promoting our sales ,other than employee .It exceed Rs.20000/_
In this case can we are liable to deduct tds u/a 194
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On 02 July 2022 at 11:04 Report
Replies (7)
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Chartered Accountant
86505 Points Posted on 02 July 2022
Yes you are,
2 Reply
On 02 July 2022 at 23:54
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Profession Business
28207 Points Posted on 03 July 2022
If he does not have tan no. he cannot deduct and deposit.
1 Reply
On 03 July 2022 at 08:12
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871 Points Posted on 03 July 2022
Receipent have not Tan No. But sales incentive provider have Tan No.
Previously we have deducted Tds under 194 H commission & brokerage @ 5%.
can in this case liable for deduct Tds u\s 194 @ 10% instead of 5%
Pl. guide
1 Reply
On 03 July 2022 at 08:21
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Chartered Accountant
86505 Points Posted on 03 July 2022
Firstly, It's section 194R and you need to deduct 10% in the above case.
2 Reply
On 03 July 2022 at 17:20
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Profession Business
28207 Points Posted on 03 July 2022
Yes the person who pays can deduct tds and deposit. So here its sales incentive provider.
1 Reply
On 03 July 2022 at 18:20
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871 Points Posted on 04 July 2022
Section 194 H Brokerage & commission rate 5%
section 194R perqisit rate 10%
suppose we give sales incentive to person
for sales promotion.
which section attract
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On 04 July 2022 at 14:55
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Chartered Accountant
86505 Points Posted on 04 July 2022
Sec 194H applicable here
1 Reply
On 04 July 2022 at 16:42


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