DISTINCTION BETWEEN COMMISSION AND DISCOUNT FOR PURPOSE OF TDS UNDER SECTION 194H

DISTINCTION BETWEEN COMMISSION AND DISCOUNT FOR PURPOSE OF TDS UNDER SECTION 194H https://www.taxtmi.com/article/detailed?id=8512 Section 194H requires TDS on income by way of commission or brokerage, defined to include payments for services in buying or selling goods, but routine commercial discounts that reduce the sale price in principal-to-principal transactions - including bulk-purchase, cash, or prompt-payment discounts recorded by credit note - are not commission and therefore do not attract TDS under section 194H. en-us Fri, 24 May 2019 11:39:21 +0530 Fri, 24 May 2019 11:39:21 +0530 TaxTMI RSS Generator DISTINCTION BETWEEN COMMISSION AND DISCOUNT FOR PURPOSE OF TDS UNDER SECTION 194H https://www.taxtmi.com/article/detailed?id=8512 Section 194H requires TDS on income by way of commission or brokerage, defined to include payments for services in buying or selling goods, but routine commercial discounts that reduce the sale price in principal-to-principal transactions - including bulk-purchase, cash, or prompt-payment discounts recorded by credit note - are not commission and therefore do not attract TDS under section 194H. Articles Income Tax Fri, 24 May 2019 11:39:21 +0530 https://www.taxtmi.com/article/detailed?id=8512