tds - sec 194h & other

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ds - sec 194h & other<br> Query (Issue) Started By: - SARVESH BALDI Dated:- 4-12-2012 Last Reply Date:- 5-12-2012 Income Tax<br>Got 1 Reply<br>Income Tax<br>SIR WE ARE CO. ASSESSEE & ENTERED INTO AN ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....AGREEMENT WITH XYZ AGENT WHO WILL ACT AS CARETAKER , BRING US THE ORDERS , ACQURE BUSINESS & OTHER SERVICES. ON SALE HE IS GIVEN A FIXED COMMISSION . THE AGENT PROVIDE US WITH 2 BILLS 1. OF SERVICE ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....CHARGES - 40% OF COMMISSION 2. OF REIMBURSEMENT OF EXP. - 60% OF COMMISSION NOW WE DEDUCT TDS ON 40% OF COMMISSION BUT WHAT ABOUT THE REIMBURSEMENT .ARE WE LIABLE TO DEDUCT TDS ON SUCH REIMBURSEMENT....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

...... ALSO GUIDE WHETHER WE ARE LIABLE TO PAY TDS IF AGENT HAS DONE ABOVE EXP.OF WHATSOEVER NATURE LIKE MARKETING , CONVEYANCE ETC. WHICH WILL BE REIMBURSED BY US AS THE ULTIMATE EXP. BEARER IS PRINCIPA....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....L. Reply By SUNIL INGALE: The Reply: As per the recent SC cases, commission arises only if there is principal agent relationship. In your case I do not see any principal agent relationship. Hence th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ere is no commission. So TDS u/s 194h is not deductible. We will have to examine whether TDS is deductible u/s 194C or not? CA. Sunil G Ingale Mobile: 09850058855<br> Discussion Forum - Knowledge S....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....haring ....