194 H of Income tax Deduction amount

CRR RR (22 Points)

31 December 2024  

Hi Sir/Madam

As per Section 194 H TDS has to be deducted at 2%(effective from 01.10.2024) on the commission and Brokerage

If PAN is not furnished, TDS will be deducted at the rate of 20% or the rates in force whichever is higher.

Here the law makers intention is "rates in force" means "2%"

Please advise