9911796707
TMI Blogtds - sec 194h & otherX X X X Extracts X X X X X X X X Extracts X X X X ..... tds - sec 194h & other X X X X Extracts X X X X 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 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 REIMBURSEMEN ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T.. 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 PRINCIP ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AL. 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 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... here 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 X X X X Extracts X X X X X X X X Extracts X X X X ..... Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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