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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Sales incentive Tds under 194R
Replies (7)
Quick Summary
Yes you are,
If he does not have tan no. he cannot deduct and deposit.
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
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
Firstly, It's section 194R and you need to deduct 10% in the above case.
Yes the person who pays can deduct tds and deposit. So here its sales incentive provider.
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
section 194R perqisit rate 10%
suppose we give sales incentive to person
for sales promotion.
which section attract
Sec 194H applicable here
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