this sec says
" Any person responsible...."
Insurance company deducts TDS under sec 194D while making payment to insurance agent or intermediaries.
But if individual insurance agent pays incentive or commission to his staff or third party, is he liable to deduct TDS u/s 194D
or in this case sec 194H is applicable....?
Individuals and Hindu Undivided Family who were covered under section 44AB are also required to deduct TDS. From FY 2020-21, individual and HUF whose turnover from business is above Rs 1 crore or gross recipts from profession are above Rs 50 lakh are also required to deduct TDS.
Section 194H does not include insurance commission referred to in section 194D.
CAclubindia
