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Tds on news paper agency commission

TDS / TCS 682 views 3 replies

Whether Commisson to news paper dealer is subject to tds?

 News paper co. gives the papers @ 25% lesser cost to the dealers which is called commission. Some co. shows it in the bill and others send a net bill @ 75% cost.

 If the news paper co. sends a bill with metion of  commission in the bill(i.e Cost of papers 10000 less commission 2500 net bill 7500) , is it subject to TDS?

 

Replies (3)

Yes it is subject to TDS. The company has to deduct TDS on the Commission or discount amount.

Mr. Arun Pl. give any reference -legal provision.

KINDLY LET ME KNOW IF  THERE IS ANY SPECIFIC PROVISION IN THIS REGARD?

RIGHT NOW I CAME ACCROSS A CASE WHERE THE NEWS PAPER CO. DOES NOT DEDUCT THE TDS AT ALL.


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