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Tds will applicable on discount
WE ARE CHA HOLDERS AND OUR CUSTOMER RAISED DEBIT NOTE OF DISCOUNT AGAINST CONTAINER IN LEU OF COMMISSION, PL. TELL ME WHAT WE WILL TREAT IT DISCOUNT/COMMISSION AND TDS WILL BE APPLICABLE OR NOT, AND WHAT %TAGE
Replies (1)
Hi,
if it is commission above 15000, it is resposibity of party to deduct tds on commision and deposit to revenue department you simply taken as Discount income.
advise to party deduct tds and deposit it to revenue department.
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