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TDS on incentives

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33 Points Posted on 27 September 2007

Whether TDS should be made on Incentives paid for booking of sales or orders for sale ?

Note: The person receiving the incentive is not an employee of the company.

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On 27 September 2007 at 20:35 Report
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Consultant
18525 Points Posted on 27 September 2007
This will not come under Incentive Head . I think sales commission. Any way TDS will attract.
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On 27 September 2007 at 20:46
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SERVICE
315 Points Posted on 28 September 2007
TDS provisions will definitely apply. To be precise Section 194J will apply.
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On 28 September 2007 at 10:30
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SERVICE
315 Points Posted on 28 September 2007
Sorry 194H will apply
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On 28 September 2007 at 10:31
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Program Manager
5910 Points Posted on 28 September 2007
Yes Section 194H will apply to this particular case
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On 28 September 2007 at 10:51
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33 Points Posted on 28 September 2007
Thank u for the reply. Further i would like to know that if such person receiving the incentives is the buyer himself,i.e., incentives given as a percentage of sales made to him.
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On 28 September 2007 at 21:04
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33 Points Posted on 28 September 2007
Thank u for the reply. Further i would like to know that if such person receiving the incentives is the buyer himself,i.e., incentives given as a percentage of sales made to him.
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On 28 September 2007 at 21:07


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