TMI Blogtds - sec 194h & otherX X X X Extracts X X X X X X X X Extracts X X X X ..... SIR WE ARE CO. ASSESSEE ENTERED INTO AN 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AGENT PROVIDE US WITH 2 BILLS 1. OF SERVICE 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 .A ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... RE WE LIABLE TO DEDUCT TDS ON SUCH REIMBURSEMENT.. 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 REIMBUR ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... SED BY US AS THE ULTIMATE EXP. BEARER IS PRINCIPAL. - 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... do not see any principal agent relationship. Hence there 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 I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ngale Mobile: 09850058855 - tds - sec 194h & other - Query Started By: - SARVESH BALDI Dated:- 4-12-2012 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply po ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... st by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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