MR. A IS ACTING AS AGENT FOR HEALTH CARD COMPANY ..HE IS GETTING COMMISSION + INCENTIVE FOR HIS WORK ...INCENTIVE IS FOR NO OF PERSON ALLOTED IN A CARD PER HEAD 35 RS EX 4 MEMBER MEANS 35*4 =140 RS ...HE ALLOTED 3180 LIVES MEANS RS 111300 INCENTIVE + 94260 COMMISION TOTAL RS 205560 RS HE IS GETTING DURING THIS YEAR...HOW MUCH TDS IS DEDUCTED ? FOR TOTAL RS 205560 ..HE IS AN INDIVIAL SALARIED PERSON WHOS INCOME IS 1.5 LAKH P.A??? MY QUESTION IS TOTAL AMOUNT HE IS GETTING AFTER TDS AND HOW HE SHOULD CLIAM TDS REFUND AND WHEN HE WILL GET THAT REFUND..TRANCTION TOOK PLACE BETWEEN JULY 2020 TO NOV 2020...PLEASE ANSWER ME WITH THE CALCULATION??????
Menu
TDS DEDUCTION AND HOW TO CLIAM IT ?
Replies (4)
Refund will be processed after filling income Tax return. As you said that all these transaction occurred between july 2020 to Nov2020 so he will get refund in next year when he will file his income tax return for the f.y. 2020-21.
Thank you...What about the TDs calcution??
You Can See Section 194H
TDS calculation:
commission×3.75%
commission×3.75%
Recent Threads
- Sample of board meetings of a private limited comp
- Filed IT return under old scheme , can he file rev
- Reconciling Zoho Books with Tally
- Freelance Accounting Services – Work From Ho
- Spom exam doubt
- GST RCM on contractual consultant who works as lik
- Anyone registered for Spanish Language Course -ICA
- 54EC Capital Gains Tax Bonds
- We have bought MS Angles etc., and fabricated it t
- ICAI Scholarship
Related Threads
CAclubindia
