Tds on commission
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 January 2014
Dear Sir,
We are investing some monthly money in Shri Ram Chits Funds. and one the redemption of the same they have charges a commission of Rs. 2.50 lacs. Please let us know we are liable to deduct TDS on commission amount.
Regards
Sanjeev Grover
We are investing some monthly money in Shri Ram Chits Funds. and one the redemption of the same they have charges a commission of Rs. 2.50 lacs. Please let us know we are liable to deduct TDS on commission amount.
Regards
Sanjeev Grover
13 January 2014
Yes TDS has to be deducted u/s 194H
13 January 2014
yes tds applicable u/s 194H as it has crossed the threshold limit.
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