Menu
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.
Recent Topics :
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
Related Topics :
CAclubindia
