Tds on revenue sharing

463 views 1 replies

Sir/Madam,

I am working with BSNL as an A.O. BSNL has agreement with a person, in which, that person arrange new FTTH Connection for BSNL, afterwords, BSNL makes bills for that subscribers as these are called subscribers of BSNL. BSNL shares 20% of revenue with that person. i would like to know that whether 10% TDS is to be deducted from payment made to that person or 1% TDS. whether it comes to definition of Commission or Contract.

Please guide.

Thanks & Regards

Amit Kumar Verma

9414001427

Replies (1)
The said transaction comes within the scope of commission thus you need to deduct tds @ 10%

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