TDS on Brokerage

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 June 2010 Hi,

If I am paying Rs.18000/- towards brokerage to Individual, will I dedcut TDS @ 10%?

02 June 2010 Person responsible for paying to a resident, any income by way of commission or brokerage shall deduct tax at source there from.
If that individual does not have PAN, the rate will be 20% not 10%.


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Querist : Anonymous

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Querist : Anonymous (Querist)
02 June 2010 What is the threshold limit?


02 June 2010 Upto 30.06.10 : Rs. 2.50 K
wef 01.07.10 : Rs. 5.00 K

02 June 2010 if you paid commision above rs 5000, you have to deduct tds at 10%.



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