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Tds on profit %
Dear Experts,
If some person withdrawing % of profits and he is already into 20% tax slabs and if dont wanna pay TDS on accrual basis as amount is to be payable in the month of October once profits gets final, is there any way out to save this amount ??
Replies (4)
It is not commission, but to retain the person we are paying him profit %, it is not a commision but sharing in profit as a part of remuneration
he is an employee and so at the time of paymet which would be october, 2016 in present case, But anything or way out that the same amount i disburse via some different source, so i or employee(Director) do not have to pay tax on the amount.
If you are having any menas please let me know please.
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