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?
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.
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
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Malhotra Rajesh & Associates
New Delhi
B.Com
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CCI
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