Liability of TDS under section 194 H

RAHUL AGARWAL (Chartered Accountant) (47 Points)

27 September 2017

Payment of Rs. 3,00,000 for brokage charges made to Broker for commodities transaction. Is there any liability to deduct tds on this payment?

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 27 September 2017

Yes...

TDS want to be deductible for brokerage

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 27 September 2017

You have to deduct TDS @ 5% on Brokerage income as same is more than Rs.5000/-

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 27 September 2017

Originally posted by : CA Rashmi Gandhi
	You have to deduct TDS @ 5% on Brokerage income as same is more than Rs.5000/-

Limit increased from Rs. 5000 to Rs. 15000 in Budget 2016...

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CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 27 September 2017

Yes its 15000/-

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