TDS related query
Dear All,
Am doing sales through Amazon
For TDS deduction(for seller fee invoice)
Please help me on the following questions
- Do we need to have TAN (Tax Deduction and Collection Account Number) to submit TDS to government.
- My auditor says i need to deduct TDS only if my turnover goes beyond 1 CR (my annual turnover is less than 10 lakhs only)
3.Hope TDS deduction only for seller fee invoice and Sponsored product fee invoice…
sellers should support other sellers - pleas help on the above queries.
Thanks
TDS related query
Dear All,
Am doing sales through Amazon
For TDS deduction(for seller fee invoice)
Please help me on the following questions
- Do we need to have TAN (Tax Deduction and Collection Account Number) to submit TDS to government.
- My auditor says i need to deduct TDS only if my turnover goes beyond 1 CR (my annual turnover is less than 10 lakhs only)
3.Hope TDS deduction only for seller fee invoice and Sponsored product fee invoice…
sellers should support other sellers - pleas help on the above queries.
Thanks
2 replies
Seller_2JQuUAgLuTcx1
hi
if your turnover is less then no need to deduct TDS.
and at amazon all the system is automated . if the there is a requirement of tds deduction then amazon itself have asked you to do so
thirdly there is a need of TCS deduction which amazon has already implemented and amount is being deducted from your sale.
also, how can you deduct tds if you are not giving payment to amazon.
seller fee and advertisment fee gets deducted automatically from your payments. so you have no control of payment to amazon.
Seller_S8ARtTYJ2QmWf
kya bol raha bhai kuch samaj nahi aya. i am also having the same dought