Service charges

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 DEAR SIR

                    MR.A.PURCHASES OF OLD KONI BAG WITH GST FROM  M/S X CO-OP SOCIETY UNDER TENDR METHOD.

  MR.A   NEFT TRANSFER TO  CO-OP WITH SERVICE  SOCIETY.

         BILL AMOUNT RS.3,45,000/-  NEFT  TO  CO-OP SOCIETY  BRANCH A/C

         SERVICE  CHARGES  RS. 12075/-  TO HEAD OFFICE.

 IF APPLICABLE TDS FOR SERVICE CHARGES?  U.S 194 H

 MR.A COVER UNDER TAX AUDIT

THANKS

 

Replies (1)
I think here service charges is in the form of sort of brokerage or commission paid to Head office.
so TDS is required to be deducted under 194H

But the threshold limit is 15000 for NO TDS and hence TDS in the present case won't be deducted as the payment is 12075/- only.


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