Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 May 2018 Sir as we know payment up to Rs.15000/- of brokerage no TDS is to be deducted.But payment of Rs.5546/- Brokerage TDS @ 10 % deducted & payment made to party. it should not be deducted.U/s 194 h.
Now we should deposited TDS u/s 194 H r 194 J.
Kindly Reply?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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22 May 2018 Section 194H is applicable for TDS on commission . Rate of TDS deduction is 5%.
There is no problem if you have deducted TDS and deposited the same with the Govt.

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Querist : Anonymous

Querist : Anonymous (Querist)

22 May 2018 OK ....THANKS SIR....................

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